traineeinvestor
Thinks s/he gets paid by the post
A quote from Peter Lynch:
While a certain degree of concern is understandable as the market "climbs a wall of worry" and revisiting asset allocation from time to time as we progress through life is sensible, going all cash may simply be an exercise in trading off one group of risks for a different group of risks.
Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.
While a certain degree of concern is understandable as the market "climbs a wall of worry" and revisiting asset allocation from time to time as we progress through life is sensible, going all cash may simply be an exercise in trading off one group of risks for a different group of risks.