It can’t go on, can it? I have a bit of money I can’t afford to gamble with at this point in my life. When should I move it to “safe and secure”?
If you have to ask this question… now.
Yeah, now.
I agree. The stock market is for people who can afford to take a hit if it goes down. If that’s not you then get out now.
This seems like a good time to get out if you can’t afford to lose, you’ve probably gained a lot already. You shouldn’t be in the market if you can’t afford to lose in value. We are only 70% invested, but wish we were more invested, as we don’t plan to use the money for a long time. Feel like we missed out on much of the gains.
But who knows?
There is another forum where investing is discussed called bogleheads. I recommend visiting there. You can explain your specific situation and ask advice. But it’s probably best to read a bit fist. There could be someone with similar questions.
Timing the market is folly. Instead of selling everything, consider balancing your stocks with some bonds. The exact split depends on your appetite for risk vs reward. But 100% stocks is really unnecessarily high on the risk/reward ratio.
2009 was a great time to get into the stock market.
April 1st 2018 at 1631 EST.
^^ gosh, thanks!
All my shares appreciated 80-100%. If I sell, I have to pay CG taxes, 15-20% for gains. For me to break even after tax, the market would have to drop 6-8%. It will be hard to come out ahead unless we get 2008 again.