Ensign Mayo said:
good job on selling at the right time OP. Aren't you anxious and FOMO?
knoxtom said:3rdGenAg05 said:
Has Knoxtom said how old he/she is in here?
That is actually a really good question as it drastically affects what people should do. If I were 35 YO I wouldn't have gone to cash, I would have just bought more.
I am soon to be 57 years old and have had 2 open heart surgeries in the past year. Because of this I have become much more risk averse and don't really want to see a bunch of money go down the drain. I like the idea of making 4.5% and missing possible gains WAY more than I like the idea of losing money. While I am usually not very conservative with investments, my timing has me becoming quite cautious.
One person asked why I still hold bitcoin and honestly it is just in case the explosion occurs. The supply in bitcoin is limited so much that if every millionaire in America wanted to own a single bitcoin... there is not enough to go around. So I keep a small stack.
One other person asked why I didn't transfer the 401k immediately to bonds and waited a few weeks. I have no real reason. I have always just been taught to never touch the 401k and sometimes it is hard to go against what you were taught.
Proposition Joe said:knoxtom said:3rdGenAg05 said:
Has Knoxtom said how old he/she is in here?
That is actually a really good question as it drastically affects what people should do. If I were 35 YO I wouldn't have gone to cash, I would have just bought more.
I am soon to be 57 years old and have had 2 open heart surgeries in the past year. Because of this I have become much more risk averse and don't really want to see a bunch of money go down the drain. I like the idea of making 4.5% and missing possible gains WAY more than I like the idea of losing money. While I am usually not very conservative with investments, my timing has me becoming quite cautious.
One person asked why I still hold bitcoin and honestly it is just in case the explosion occurs. The supply in bitcoin is limited so much that if every millionaire in America wanted to own a single bitcoin... there is not enough to go around. So I keep a small stack.
One other person asked why I didn't transfer the 401k immediately to bonds and waited a few weeks. I have no real reason. I have always just been taught to never touch the 401k and sometimes it is hard to go against what you were taught.
I think those are all very reasonable reasons/takes.
I don't know your situation, but I think you might be nearing the point where the upside of the market simply isn't worth the downside. Your net worth increasing another 40% over the next 10 years would be great, but it probably isn't going to impact what you are doing with your life too much. But if it decreases 40% it certainly changes things.
That's a tough thing for some people to wrap their minds around because "the math" says doing something will make the account grow bigger... but the actual reasons you have the account don't revolve around math, they revolve around your quality of life.
Again, I don't know your net worth or what your future plans are -- but I've seen a lot of people who struggle to understand they've "won" the game and playing the higher stakes of the market (compared to bonds, etc...) simply doesn't make sense anymore.
But I think most of the pushback you see from posters is because you decided to start your own thread about it
EliteZags said:
personally I'm among those that feel more pain from missing out on gains than seeing losses, probably because historically every loss eventually has eventually recovered but a lot of the missed gains will never have another chance to get back
knoxtom said:
One more thing...
My son is 13. He has a custodial trading account (it is his college spending money account) that has lost a bunch since he loves the tech stocks. My advice to him was to just put more money in and DCA...because he has more time than me. So he just keeps buying amazon, voo, google, and Nvidia.
He is doing the right thing.
Doesn't mean I am doing the wrong thing, even though it is the exact opposite.
YouBet said:Proposition Joe said:knoxtom said:3rdGenAg05 said:
Has Knoxtom said how old he/she is in here?
That is actually a really good question as it drastically affects what people should do. If I were 35 YO I wouldn't have gone to cash, I would have just bought more.
I am soon to be 57 years old and have had 2 open heart surgeries in the past year. Because of this I have become much more risk averse and don't really want to see a bunch of money go down the drain. I like the idea of making 4.5% and missing possible gains WAY more than I like the idea of losing money. While I am usually not very conservative with investments, my timing has me becoming quite cautious.
One person asked why I still hold bitcoin and honestly it is just in case the explosion occurs. The supply in bitcoin is limited so much that if every millionaire in America wanted to own a single bitcoin... there is not enough to go around. So I keep a small stack.
One other person asked why I didn't transfer the 401k immediately to bonds and waited a few weeks. I have no real reason. I have always just been taught to never touch the 401k and sometimes it is hard to go against what you were taught.
I think those are all very reasonable reasons/takes.
I don't know your situation, but I think you might be nearing the point where the upside of the market simply isn't worth the downside. Your net worth increasing another 40% over the next 10 years would be great, but it probably isn't going to impact what you are doing with your life too much. But if it decreases 40% it certainly changes things.
That's a tough thing for some people to wrap their minds around because "the math" says doing something will make the account grow bigger... but the actual reasons you have the account don't revolve around math, they revolve around your quality of life.
Again, I don't know your net worth or what your future plans are -- but I've seen a lot of people who struggle to understand they've "won" the game and playing the higher stakes of the market (compared to bonds, etc...) simply doesn't make sense anymore.
But I think most of the pushback you see from posters is because you decided to start your own thread about it
Totally agree. Now that we know he is 57 this makes much more sense (although going 100% cash still makes me itch a little).
I'm 51 and de-risked back in December. Kind of wished I had de-risked even more.
Your statement in bold is the exact thing I told my FA when I made that decision and he wholeheartedly agreed.
You've got your posters confused. He was asking YouBet what he did to de-risk. Quit being a *****.bmoochie said:
He clearly outlined his plan and his age factors into wanting to be less risk on. Quit being a *****
bmoochie said:
He clearly outlined his plan and his age factors into wanting to be less risk on. Quit being a *****
Re-allocated from 85% equities / 15% fixed income to 75/25.infinity ag said:
What did you do to "de-risk"?
infinity ag said:
Poor OP.
bmoochie said:
He clearly outlined his plan and his age factors into wanting to be less risk on. Quit being a *****
tlh3842 said:infinity ag said:
Poor OP.
He never once bragged about being right as all of us were sweating the last month. Didn't hop on every thread bragging as well fell, but people sure run here once it's back to basically flat.
OP was able to time some of the biggest drops in history. Make no mistake, the Rollercoaster of Trump and tariffs isn't over yet. With all that said, he pretty much timed the market to avoid some pretty big drops.
You see, that is the difference between a bot and a person. There is pseudo-knowledge which is second-hand, and then there's actual experience.LMCane said:
I study all the retirement planning podcasts and most disagree with you.
EliteZags said:
in the past few month's firesale I unfortunately was only able to deploy ~60-70% of sidelined cash which was not a large portfolio percentage to start with, but looking back at some of the deals I was able to get:
PLTR $70-75
HOOD $30-35
AMD $75-80
NVDA $85-90
SOFI $9.50-10
AMZN $160-170
PATH $9.50-10
AVGO $150
and the recent GOOG dip to $150
so combine OP's exit timing with my dip buying then we'd be cooking
wessimo said:
Update - S&P 500
2/27/25 - 5862
5/12/25 - 5844 (updated at market close)
All of our Monte Carlo sims and other modeling showing us to be fine well into our 90s. Barring the catastrophic failure of the US (which could happen and in which case all bets are off and we are all equally screwed) we are locking in now to hit those models.LMCane said:
I study all the retirement planning podcasts and most disagree with you.
if you are 51- you could have THIRTY MORE YEARS ahead of you in which you need funds.
unless you are already a multi-millionaire and want to just live a middle class existence
you will need to stay aggressive to a certain extent.
I do reserve the right to buy overly expensive watches that are on my wish list.YouBet said:All of our Monte Carlo sims and other modeling showing us to be fine well into our 90s. Barring the catastrophic failure of the US (which could happen and in which case all bets are off and we are all equally screwed) we are locking in now to hit those models.LMCane said:
I study all the retirement planning podcasts and most disagree with you.
if you are 51- you could have THIRTY MORE YEARS ahead of you in which you need funds.
unless you are already a multi-millionaire and want to just live a middle class existence
you will need to stay aggressive to a certain extent.
As someone else said, we aren't looking to buy a yacht and exotic stuff so really just want to "insure" our day to day life as much as we can knowing the world (IMO) is going to be much more volatile going forward. We have both mostly moved on from accumulating stuff at this point so just wanting money to live, travel, and pay for healthcare.
