...the stock market "pullback". Now the question is "where is the bottom?"
With all the political noise(including the fed) , I was lucky enough to act on my sense and secured my gains before the fall, investing in bonds. I'll re-evaluate in Feb/Mar after the 90 day trade moratorium,govt shutdown and end of the year sell off. I hope everyone has a happy holiday:smile:
I secured gains about two months ago. Odds are this dip will be short lived but there is the possibility the shutdown lasts longer than expected. China may not come to the table or Trump could fire the Fed Chair.
It's a good time to just sit back and "watch" for while...
Yep, trading is bad regardless. More specifically, my "bonds" are in the form of 3 month CDs I got in the 2.3-2.4% range. I suppose a little gain is better than nada or worse yet, a loss. I still got time b4 dipping into it but the question is when to re-buy? Just wait and watch...
I never met a market timer who was right more than half the time.....and by not staying in the market you could miss some key points that could cost you dearly......in my opinion
I personally love the prices now..... and deployed all my cash to fully move in ....
I still have maturing bonds but they are yielding over 6% ..... and I got them at a discount....so some appreciation will be had on maturity.....
One thing I should note.... lots of ten yr old bonds are coming due from 08’ .....when they got cheap ..... so a lot of cash is ready to be reinvested ... and I feel like there are lots of deals to be had
Nuthin wrong with cash.. Until the dog and pony show up in DC is over I'm content with govt bonds and pizz-ant CDs...but then again I'm old..and security is number one. Got all I need without chunking it on the **** table...
Im at the point where this stuff can be gut retching, but I believe in the economy and I pray for a swift rebound
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