Coronavirus - Financial impact

Tiger8693 · Feb 27, 2020

gwraigty said:
I'm not selling any of my financial positions. I'm waiting to buy more.

This is my plan exactly - will go from current 55% up to maybe 90%, but not sure when.

Also, still in accumulation (somewhat), but I will be increasing my contribution now that market is lower, not decreasing as someone else stated a few posts up.

vinhmen · Feb 27, 2020

Bigdawg said:
I am fortunate (or unfortunate) to be still in the accumulation phase. Will not touch my equites for 5 more years. My reaction to this has been to change 401K contribution from max down to 6% to get the company match. Also instead of the additional $1500/month going into taxable (equities) it will now sit in MM until I feel this current black swan has run it's course. When will I know? ?? Heck, I may wait in cash (MM) until after the election. I know-not suppose to time the market. I just can't see putting $ into the market right now.

You are in the accumulation phase yet you buy fewer equities when prices go down?

Clone · Feb 27, 2020

NYEXPAT said:
Was 100% cash Monday morning, now between yesterday afternoon and this morning I am up to 92% equities again although it is mostly miners and crypto at this point.

LEEEEEEROYYYY JENKINNNSSSSS!!!!!

For those not familiar with the video game legend, here is a link. (Some rough language.)

copyright1997reloaded · Feb 27, 2020

Fermion said:
Dang, that is going all in.

Yeah, I am such a wuss compared to this. A big asset allocation move to me is 5% of my net worth.

Gumby · Feb 27, 2020

The moderators are closing this thread so that we can better organize the various threads related to the coronavirus COVID-19 and reiterate some ground rules for posting. Here is the link to the new thread https://www.early-retirement.org/forums/f28/coronavirus-financial-impacts-ii-102347.html

Coronavirus - Financial impact

Tiger8693

Full time employment: Posting here.

vinhmen

Dryer sheet aficionado

Clone

Full time employment: Posting here.

copyright1997reloaded

Thinks s/he gets paid by the post

Gumby

Give me a museum and I'll fill it. (Picasso) Give me a forum ...

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