ziggy29
Moderator Emeritus
First of all, I am not a market timer. I've been a strict asset allocator since the beginning of 2001 and it has worked very well for me.
The fact that I'm not a market timer (and am comfortable with market gyrations) is why it was so unusual when I recently had a very strong intuition that I should sell everything and stay in all cash for a while. That just about never happens to me -- it didn't even happen in the tech wreck of 2000 to 2002 (but I wasn't tech-heavy which might explain that).
Anyway, this "hunch" was on October 30 and 31. Check the charts.
I stayed true to my buy-and-hold principles...told my "Spidey sense" that envisioned blood on the walls to take a hike because I don't time the market and I don't invest emotionally. Well, minus 9% later (and counting), looks like my Spidey sense was right. At least on paper, I've lost a full year of projected retirement income in the last three weeks. This market is simply horrible. Every single rally is nothing but an excuse to sell even more.
I hate it when I'm right and don't listen. Someone talk me off the ledge, please?
The fact that I'm not a market timer (and am comfortable with market gyrations) is why it was so unusual when I recently had a very strong intuition that I should sell everything and stay in all cash for a while. That just about never happens to me -- it didn't even happen in the tech wreck of 2000 to 2002 (but I wasn't tech-heavy which might explain that).
Anyway, this "hunch" was on October 30 and 31. Check the charts.
I stayed true to my buy-and-hold principles...told my "Spidey sense" that envisioned blood on the walls to take a hike because I don't time the market and I don't invest emotionally. Well, minus 9% later (and counting), looks like my Spidey sense was right. At least on paper, I've lost a full year of projected retirement income in the last three weeks. This market is simply horrible. Every single rally is nothing but an excuse to sell even more.
I hate it when I'm right and don't listen. Someone talk me off the ledge, please?