Friendly reminder: not everyone here is 20-30 years old and can ride the wave. People who are in retirement age should consider going cash.

Yes, the market will recover: that’s a fact.

However, it can take a long time to recover. The nasdaq took over a decade to recover in some instances.

I understand the sentiment of “hold and even buy more when they start to go down” but if you are in your 60s and want to retire soon and can’t wait a decade and see your portfolio get smashed for years I think it’s understandable to go cash

But if you are young, ride this out.

Just please consider that there’s no all advice fits all here. Some of us are older then others. I’m young but if my dad was considering going mostly cash at his age of 67 I would understand. What if the market doesn’t recover until he’s in his mid 70s?