I’ve been a long term investor for decades. I’m in solid stocks including the M7. My question, “Should I pull out of at least my M7 (already cashed out TSLA) from the market to cash and reenter well after April 6th?” So at this point I’m up on all my long term stocks ranging from 39% to 167% as I’ve been is a long time. So nothing would be at a loss. I just feel we are facing a man made intentional potential crash of US stocks. Could be short term or long term. One issue, I’m also near retirement age so I don’t have 20 years to wait for a correction.
Let me further say all my eggs are not in one basket. I’m fully diversified with only 1/3 of my liquid assets in stock. Because of my age 2/3 is in very safe such as CD’s near 5%. Also 2 houses paid off, nice car paid off, zero debt on credit cards paid off monthly.
But I can’t make a misstep. My portfolio will be 1/2 of the income I will rely on for income in a few years.
I know we are not supposed to make rash decisions based on “feelings” but it’s more than that, I’m reading nonstop everything about this market and as an older person I feel like I’m seeing a potential 2008 all over again. I wisely went cash then. And in 2010 bought my house for only 42% of it was valued in 2006. Now it’s worth 5 times what I paid for it.
So anyone who has weathered a few markets, what’s your take? Is cashing out Apple,Amazon,NVDA for instance a crazy move right now?