MichealKnight
Full time employment: Posting here.
- Joined
- May 2, 2019
- Messages
- 520
Yes. The last time I was up rather high - I wanted to be a prudent holder and I held. And now - temporarily I'm worth $300k less.
Over the last week on good days, I've sold 30% of my stocks. If things rebound hard now - oh well I missed some of it.
If things get rough because of random little things like higher rates,Fed tightening, labor shortage, Europe enjoying "going green" thanks to certain energy shortages, China Taiwan, Venezuela, earnings per share coming down, etc...then I'd love to re deploy it.
I won't try to call a bottom. S/P 3750 I'll start buying ....and keep buying in increments if it keeps going lower.
The cash is earning 2% in the bank account till then, and if a rehab flip house gets reasonable I might buy one.
They say I'm losing money with cash. I dunno, I didn't lose $300k with cash - but I did holding stocks at my apex at end of 2021.
Don't want to see my remaining holdings tank.....but if SP goes to 3500-3600...I'd really like to start some nice positions.
Over the last week on good days, I've sold 30% of my stocks. If things rebound hard now - oh well I missed some of it.
If things get rough because of random little things like higher rates,Fed tightening, labor shortage, Europe enjoying "going green" thanks to certain energy shortages, China Taiwan, Venezuela, earnings per share coming down, etc...then I'd love to re deploy it.
I won't try to call a bottom. S/P 3750 I'll start buying ....and keep buying in increments if it keeps going lower.
The cash is earning 2% in the bank account till then, and if a rehab flip house gets reasonable I might buy one.
They say I'm losing money with cash. I dunno, I didn't lose $300k with cash - but I did holding stocks at my apex at end of 2021.
Don't want to see my remaining holdings tank.....but if SP goes to 3500-3600...I'd really like to start some nice positions.