I am not a market guru, but it’s my observation that when everyone tells me this is a great time to be in the market, it’s NOT a great time to be in the market.
Last March/April was a fantastic time to buy in, when stocks were cheap (Apple was half price!) and everyone was running for the door.
I suspect the next few months may give us an another buying opportunity, but it’s not today.
The key is not out-guessing the market, the key is your age.
Young people should be heavily in the market. If it rises they can enjoy the gains. If it crashes they have time to recover.
Old people need to lower their risk very substantially. That means they will have to take on inflation risk with low risk low returns, but they simply cannot afford a major market crash.
I am convinced that the financial advisors out there have old folks in portfolios that are dangerously risky (overweighted in stocks).
I am all out as of now. I expect a major market correction in the next 12 months.
When it tanks and it will I will look to get back in. The only question have is how low will it go.
I ate it on the last two corrections, not this time.