Quote:
Originally Posted by Johnny199r
Not going with "time in the market beats timing the market"?
I understand keeping some cash on the sideline, or more cash than usual, but all cash? |
Yeah. More or less. I guess my position for the longest time has been that this has been an unprecedented thing that most of us haven’t seen in our lifetime. The job situation has been bad and bound to get worse, with no vaccine for about a year, but possible treatments. So my position has been the current valuations have been high compared to what they should be. Now, clearly I’ve been wrong to this point, but I find it hard mentally to get in to the market overall when it’s so high. Things that I want to invest have risen dramatically as well which makes it harder to get over. I do believe in cloud accelerating so I want to invest in Amazon but I’m waiting for the pullback to $2800 or so.