Ok guys I've been thinking tonight again!
I've come to the conclusion after many hours of pondering the subject that …. There is absolutely NO PURPOSE to being in the market at very least 2022 and most likely 2023!
I just can't see any of this getting better any time soon!
Tomorrow I will increase my SQQQ position size and the only stocks I will hold will be a few oil and maybe WMT! At least till 2024 or so!
I am going to cut my losses and get out while I'm ahead from my first 2.4 years investing! Yes, I'm still up a measly 18% for 2.4 years, but it's better than being 0 or less as we go down further.
I believe we may have a relief rally soon but in my opinion in won't amount to much. Maybe 1 or 2% portfolio up.
Then I'll exit to maybe 60% cash at least.
I hate to say this but I had a vision last night of the market getting down to about 2000 or so and not recovering till maybe 2024.
What I'll do is buy back in a little here and there at about 3000 or less on sp500.
I feel we should all be very careful now and preserve as much cash as possible. All my new savings have been going directly to money market and is not entering the market. There is no point. All miney that enters now will just get gobbled up as we fall.
That's just my opinion, but on a serious note I just don't see ANY good in markets this year.
If you do please enlighten me. I just don't see it, but I am only a layman.
So my brothers, please be very careful. The only stocks I'll purchase after we hit 3000 or less will be things like MSFT AAPL GOOGL and maybe NVDA mostly.
Also I believe in UNH TMO SHW and HD.
I will also be purchasing some VTI once we hit 3000 or so as I believe that is a good entry point.
Stay safe all and remember that in a couple years I have hope that things will eventually get better if even only slightly.
Use this oppurtunity to purchase our equities at a large discount! But in my opinion right now is TOO SOON! The market has more purging to do!…. A lot more!
Peace and keep the faith! Things will get better some day!
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