Where else you going to put your money? .05 in a bank account, .75% in a 5 year cd?
We have quite a sum sitting on in a stock market money market account making .025 because we are waiting for another correction when ch we believe will happen in a year or two
There is a lot of the U S people making lots of money
Well, with a PE ratio approaching 40, a 0.75% gain starts looking attractive compared to a potential and sudden loss of 30.00%.
We put our 401k money in a money market fund when Obama got elected and paid dearly for it. After losing 10s of thousands sitting in the money market, we put it back into mutuals when Trump got elected. We have made back everything we lost and a lot more! What’s wrong with putting a reasonable stop loss order(say, 10%) and letting it ride until the fall comes?