Thanks for the reply... talking to our financial person tomorrow but they seem to always miss big downward events for their clients lol
For my safe account with close to $1M, I've moved money into higher dividend paying stocks. UPS 5.51%, Ford 6.82%, SFL 11.96%, WU 8.68%, DOW 7.35%, MO 7.31%, WHR 6.88%, and several others paying above 5%. This account is one where I take about 70% of the dividend income out as spending money/pay taxes on dividends. I reinvest the other 30% back into more dividend paying stocks.
I reallocated everything in my 401k to a money market about a month ago. It’s hard to balance FOMO and FAFO.
Monitoring responses, as I don’t have a plan. I’m not trying to catch a knife as close to the ground as I can, so if things start creeping back up after what I think will be a hard fall, that’s when I get back in and just wait for the market to climb again.
i've done that a few times and the market has always ascended to new heights instead
i'm now very self aware of having zero stock market game
Mid 2022 the S&P was at about 3500 so there is a long way to fall. If it falls to 5000 I’d jump back in.
Jump back in when the craziness ends, so about 4 years.
I retired in 2019 and more or less moved all my assets to CDs. Prior to retirement I usually had about 2/3s of my funds in above avg risk equity mutual funds and then those more conservative funds based on years to retirement.
Well Warren Buffett has been selling off to go into cash or safer items. Didnt he sell all his Apple in the last year?
he’s sitting on a ton of cash but he’s also in the market. I think I read he’s still over 60 percent in the market.
buffet is a crafty coot. he doesn’t telegraph any good moves in advance. when he leaks news about having big positions that’s usually when retail investors should sell and vice versa as well
Because they don'y want you moving money around or removing it from accounts. They lose more that way.
Buy quality investments. If you are going to need that money in 2 years you should already be in cash/CD's. If you are at the age that you still want growth and you don't need the money I would stay in. My rule of thumb is to never get into a position that I HAVE to sell an investment at a certain time.
I'm still 10 years away so I can still ride this cycle out, assuming we get a recovery.
Buffet still has $75 billion in Apple, so no he didn't sell off all his Apple. He's waiting to land one more really big fish or to get excellent returns as the market crashes. Berkshire throws off so much cash it is crazy.
Pretty much what it says. They’re purchased through a brokerage rather than a bank. If there are other differences, someone else would have to chime in.
Since they are in a Brokerage account do they incur brokerage adviser fees? That was what I was wondering,
Maybe they recognized that the economy would take a giant shit right before an election every time Republicans lose (because of their crappy policies, but they never admit that). So maybe they think if they make the economy crash in the first half of their term they can have it recovering in time for the next election in 4 years. That or he's just getting paid by Russia to do everything he can to destabilize and end the United States as any opposing force to Russian aggression. As ridiculous as that sounds I'm not sure which option I would put money on if I had to bet.
buffet is a crafty coot. he doesn’t telegraph any good moves in advance. when he leaks news about having big positions that’s usually when retail investors should sell and vice versa as well
