Quote:
Originally Posted by Leondros
I mean the S&P 500 is already down almost 10% off highs. Market has priced in a recession the past 2 weeks significantly. The thing with the geopolitical situation this time around is policy is what is driving this economic headwind which can very quickly switch back the other way. Even more important to not make decisions on this. Time in the market IS greater than timing and you are gambling if you are trying to time anything right now.
Having said that, if you near term need the cash it could be a rational decision. If this is the case I question your initial investment decision of having this cash in the market in the first place.
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This is my thoughts as well, I’m a year and a half from selling my investments and utilizing that cash. A nice big dip in the markets like this means buy buy buy for me. With a year and a half to go before needing it I am of the belief that things will normalize again.