I actually got out of two of my bigger holdings today at closing - QQQM and NVDA. Would have got out of more and more into cash, but didn't have time. I still don't think things go this linear in Trumpville. He's going to say something to set off the market again, I'd think. I'll just wait for that pullback to redeploy the cash again.
There is also the fact that we've been cranking a bull run for several years now, and a lot of stuff is probably overvalued. Inevitable we are going to see a pullback at some point on that alone.
Go to a bookstore that sells new books, read chapter 8 of The Intelligent Investor (3rd edition), and the commentary that follows. Striking how words from 1949 are still true today.
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With the market rising the past few weeks, but still a fair amount of uncertainty on tariffs, political instability, interest rate risks, I'm considering selling out of the market completely. I realize staying in most argue is key, but surely the market can't keep up given these odd fundamentals. Something has to give is my rationale.
(EDIT: I guess I should slap a language warning. And it's about wallstreetbets so I'm sure some nutbars will want to scream about conspiracies and ####. )
I bought some cheap puts a few strikes out of the money to cover my holdings just in case we don't have TACO Wednesday on July 9th. [shrug] It's insurance.
If you want to sell your risky stuff, go for it. I do this from time to time and put it back into a bit of cash and then a collection of dividend stocks that pay 7% that are all on DRIP’s.
Do not try and time the market….
Quote:
Originally Posted by bluejays
Talk me out of this.
With the market rising the past few weeks, but still a fair amount of uncertainty on tariffs, political instability, interest rate risks, I'm considering selling out of the market completely. I realize staying in most argue is key, but surely the market can't keep up given these odd fundamentals. Something has to give is my rationale.
Thoughts?
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