I'm thinking of capitulating at 25% down from my ath in November 2021.
I thinking that this is going to get WORSE (maybe MUCH worse) before it gets better!
I'm envisioning being down 50% or more (portfolio) and staying there for the next 5 years.
I'm getting very depressed about this. I'll be kicking myself in July if my portfolio is down another 25%!
I don't know how much more negativity I can take seriously.
I'm 35% cash right now.
My plan is now to just accept the 25% loss and buy back in when the sp500 hits 2800 in July and making it back and more or at least getting in a lot lower. I realize you can't time the exact bottom. I just feel we're NO WHERE near there yet.
Why lose more money? My father used to tell me “sometimes you gotta cut your losses and run”.
Or like Kenny Rogers used to sing “you gotta Know when to hold them, Know when to fold em'….Know when to walk away… And know when to run!”
Sorry but I'm envisioning the sp500 being at 2500 in August or something and that scares the crap outta me!
Anyways, good luck all.
I may be out next week…. I'd love to stay but i feel this is now seriously a LOSING GAME!
Hopefully I'll be back at sp500 3000 or a little less.
Peace all!
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