Moving Money Out Of Stocks (1-16-2018)

twoweeled

Well-Known Member
Did some major homework on the economy and today we moved a lot of our money out of stocks and into safer investments.

Not all of it ( about 15 % ) but because of our age , thought our exposure to stocks ( 75% ) was way too high. dow 26000 means the economy is overheated , i believe.

Experts will say that we are probably still overexposed with slightly more than 60% in stocks and the rest in bonds and cash. it's a risk we are willing to take.

We don't listen to all the doomsayers. Nor do we listen to all the bulls. There are people like Warren Buffett , Paul Krugman , and Dave Ramsey amongst others that keep a level head and usually ( usually ) know what they are talking about that believe the economy is standing on shaky ground.

What really convinced me is the person in the white house and his gang of incompetents ( please, not trying to be political here )

at our age , we can not withstand a major correction that may take years to recover from.
Agree with you on this, but so difficult to go against the trend, regardless of how ominous it looks. I pulled out about 20% a while back and I'm kicking myself right now, but I can't jump back in with the market so damn high! oh well
 

Jones

fILE A GRIEVE!
Staff member
Agree with you on this, but so difficult to go against the trend, regardless of how ominous it looks. I pulled out about 20% a while back and I'm kicking myself right now, but I can't jump back in with the market so damn high! oh well
Better to lock in a little too early than a little too late.
 
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