I sold half of my stock funds yesterday and moved them into Money Markets.
I had two other people in their 60s tell me they did the same thing in the last week. Except they moved everything into MM funds making 5%.
You have to do what feels right. I’m 61% in T-Bills in my “stock account” but at my age not losing is more important than taking chances to chase gains. I did see an interesting stat this morning. This latest run by the market feels overdone, but over the last 27 months the S+P500 is only up 9%. Most companies are hitting or beating their earnings targets despite the high interest rates.
My largest investment space after T-Bills is Energy.
Not sure how all this is going to play out...but better money than having a bunch of paper money in a bank.