So much talk right now about buying low, when a low cannot be predicted. I totally respect the strategy of buying low and selling high, and using reserved cash to buy into the market after a plunge. I just think that I'm not one of those people.
For those like me who have a multi-year reserve of cash and bonds, I am not inclined to use that money to buy into the stock market at a time when I literally have to guess that the market is at or near a low. I will instead use that money and fixed income to ride out any storm.
A lot of what I'm seeing on this board right now is a take-the-cash-out-of-mothballs-and-invest mentality.
Is anyone else just sitting tight?
For those like me who have a multi-year reserve of cash and bonds, I am not inclined to use that money to buy into the stock market at a time when I literally have to guess that the market is at or near a low. I will instead use that money and fixed income to ride out any storm.
A lot of what I'm seeing on this board right now is a take-the-cash-out-of-mothballs-and-invest mentality.
Is anyone else just sitting tight?