VTSAX Owner > Anyone thinking of moving to cash for a bit?

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40 Years' Gatherin's
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by 40 Years' Gatherin's »

People said this exact same thing last November. The market is up almost 30% since then.
nix4me
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by nix4me »

No. im buying every week.
swylie
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by swylie »

A recent NYTimes article by Jeff Sommer pointed out the danger of exiting the market:

"From 1930 through March 8, 2021, the S&P 500 returned 17,715 percent cumulatively. But nearly all of those gains were concentrated in a relative handful of days, which occurred randomly. Exclude the 10 best days for each decade and nearly all the gains were erased, leaving the market with a return of only 28 percent over more than 90 years."

Viewed through that prism, taking money out of the market is riskier than leaving it in.
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canadianbacon
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by canadianbacon »

I don't normally post to these threads but I found this from today pretty timely and relevant: https://www.youtube.com/watch?v=akNKEGi_wcg&t=2795s
Bulls make money, bears make money, pigs get slaughtered.
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drumboy256
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by drumboy256 »

Nope. Just bought more today.
Promise is one thing. Fulfilling that promise is quite another. - Sir Alex Ferguson | // VASGX + AOA // 80/20 // Chill
TJat
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by TJat »

Does a bear fill out the NYT crossword puzzle in the woods? ;)

I get the temptation. But if I did the market would either keep going up or I’d miss the bottom and get back in at a higher point than I sold. Guaranteed.
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greg24
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by greg24 »

You are 34? Time is on your side!!

When the market goes up? BUY. When the market goes down. BUY.

In 30 years, you'll be glad you did.

:sharebeer
Ripcord
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by Ripcord »

What is the purpose of this money? If you need it now take it out. If your investment plan calls for long term investment do not touch it. Everytime I've tried to time the market it did not work out in my favor...every single time.
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cflannagan
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by cflannagan »

financialfreedom87 wrote: Wed Nov 17, 2021 10:04 am VTSAX Owner > Anyone thinking of moving to cash for a bit?
Yeah, just a bit of my VTSAX holdings. To pay some of my expenses in retirement.

Not a moment before.
chris319
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by chris319 »

AnnetteLouisan wrote: Wed Nov 17, 2021 10:52 am I knew the market was overvalued…….in 1996! So I basically stayed “safe” in cash and sacrificed millions in growth. Just terrible! I could be sipping a drink in the Maldives now instead of heading into my next zoom meeting at 11.
I'm going to print this post, frame it and hang it on the wall in my study.
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3funder
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Re: VTSAX Owner > Anyone thinking of moving to cash for a bit?

Post by 3funder »

40 Years' Gatherin's wrote: Tue Nov 23, 2021 8:51 pm
3funder wrote: Wed Nov 17, 2021 2:50 pm I hold 50% of my equities in international stocks. I never worry.
Wow, what an anchor that must be on your portfolio returns
The past decade has been disappointing; however, I believe in a globally diversified equity portfolio and am concerned about valuations stateside.
Global stocks, US bonds, and time.
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