Quote from: K-Dog on Apr 04, 2025, 07:46 AMFor the last few months I have wondered if I am a fool to keep all my retirement dead labor in low yielding cash equivalent accounts, and out of mutual funds.
I am not feeling like a fool today. What a mutual fund would earn in a year has been wiped out in two days.
Neither do I. During the Valentine Day massacre I unloaded nearly every market tracking fund I have been using for 12 years and went into the meager low yield accounts that don't give a crap about the market.
This is the 3rd time I've tried to time things, and the two I've gotten right have more than made up for the one I got wrong. 2008 I bailed in the spring, and then watched the markets disintergrate within 6 months. Moved back in when things reversed. Did the same in 2011...that one was a bust, but I didn't go all in like 2008, it just didn't have the same feel to it. But this February, and being older and closer to retirement, I moved...oh....say...far more than I ever have, and far more than what I sold my parent's house for last summer, this one was a close run thing.
It has always seemed more reasonable and easy to jump out of the markets than back in. And at my age, who wants a hit on their mailbox money?
Quote from: K-DogTrump is the king of me me me. Yet he has passed for an adult for decades. Bravado and inherited wealth can go a long way.
So can brains and balls. But at the end of the day it comes down to who can generate results, and who can't.