misanman
Thinks s/he gets paid by the post
- Joined
- Apr 28, 2008
- Messages
- 1,256
Wow, maybe the stocks were tax sheltered but otherwise wouldn't there be a huge capital gains tax hit?
No need to respond, I found the answer in your Feb 7 post: 25%What % of your holdings did stocks represent?
I am not ready for implementing action for major guessing of market action to reduce my stock holdings below my 25% lower limit I am at...
I never understood the idea that, once out, you have to time your return to the market perfectly, as if there is only one suitable entry point that justifys ones withdrawl.
No name calling or stone throwing from me: market timing is a splendid strategy if you get it right! I don't have the insight to achieve this, but if Running_Man does, good for him.
Maybe like us, the OP does not need or want any stocks at this time. If you do not need them, then why have them. I do not have rental properties because I dislike the hassles of being a landlord, I do not buy an sell cars as I do not want to anymore (Been there done that), I do not own stocks because I do not need or want to.
I'm not sure why RunningMan feels the need to tells us of his liquidation of stocks? So what?
I'm not sure why RunningMan feels the need to tells us of his liquidation of stocks? So what?
Wow.
He's changing his Asset Allocation. I've posted my changes and so have many others. Running Man is telling his tale just like the rest of us.
Personally I’ve been surprised the stock market reaction hasn’t been more strongly negative to the recent fast interest rate rises, so my instinct is that there are more shoes to drop.
I never understood the idea that, once out, you have to time your return to the market perfectly, as if there is only one suitable entry point that justifys ones withdrawl. Having not lost a large percentage of one’s capital, I would think gives you the freedom to choose any reasonable point along the way to get back in. Seems those that make statements suggesting otherwise are expressing their own fears and what they believe to be conventional wisdom. Doesn’t mean they are right, just right for themselves.
LOL! - thanks for the quote, that made my day!
Maybe like us, the OP does not need or want any stocks at this time. If you do not need them, then why have them. I do not have rental properties because I dislike the hassles of being a landlord, I do not buy an sell cars as I do not want to anymore (Been there done that), I do not own stocks because I do not need or want to.
Either very prescient or stupid.
Only time will tell.
Personally, as someone who is all in, I hope for stupid.
If you don't think it is the best thing for you, then stay in. I appreciate that Running Man told us about his decision, as it gives me something to think about for myself.
I'm not sure why RunningMan feels the need to tells us of his liquidation of stocks? So what?
As of today I am back to 0% stocks. The action of the market and the confidence of the average participant leads me to fear there is shortly to be a move of epic proportions and speed to the downside. Hopefully, I turn out to be wrong but am willing to lose a few percent to the upside to avoid the downside I fear. Last time I sold all was 2007.
Therefore I plan to sit tight and do nothing. That worked remarkably well for me in 2008-2009 .