So I'm 30% cash. Why? Cause, although I believe the market may rally till end of the year, I'm not certain and I want to have a lotnof cash available if we do fall to 3500 after Xmas.
So, does anyone here hold higher amounts of cash?
I know someone in another forum that claims to be 90% cash and says he's a multimillionaire, so doesn't want to risk his money, which I don't really blame him at that level!! I'd have maybe the same if I were a multimillionaire, but I'm not quite there yet. Maybe a fee more years.
So is cash a good idea? I can't see being 100% in at this time and I'll kick myself if we fall to 3000 in February and I can't scoop up some sales!
I feel eventually things are gonna get much worse as student loans kick in, debt levels at record highs… the list goes on !
I feel we have years of flat markets unfortunately and I think QQQ will be the only thing to slightly rise over the years while the sp500 stays more or less flat.
This is great for buyers though since you're getting sales!
Things like asml msft googl aapl and lrcx cost etc will always do well. Banks are done also. And Carter Worth says “Financials are the worst investments!”
Tech and Healthcare are the only thing that matters imo going forward.
Tech cause we have to compete with China etc and can't let them get ahead of us.
Thinking of upping to 50 to 70% cash after holidays and collecting a mere 5% in money market with no downside.
Good luck all!! Let's make some money either way!!
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