Quote:
Originally Posted by Shazam
Cash out?? Now is the time to buy.
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Definitely not, if you think the market is going into recession. And that is a very popular sentiment these days if you listen to stock commentators and portfolio managers on TV.
In general, I just love this "time to buy" notion. Yeah, if you are sitting on oodles cash to invest and if you are confident about these investments being profitable, then maybe. Most retail investors have portfolios of stocks, bonds and a relatively small amount of cash that needs to be there as a buffer. And if the stocks in those portfolios are down, the "time to buy" advice is not that useful.