Honest question: Those of you who are not panicking, but buying right now, how do you have the cash available to do that?
I see a lot of people bragging about being long term investors, and not panicking, and trust the market, and that they're: "Buying right now!" What cash are you using? Your words make it sound like you're pushing all your chips in on a once in a lifetime moment, but I doubt that's the case. If it were, then how were you so heavy in cash in the first place? How did you build up your cash stockpile as opposed to investing sooner if time is best spent in the market? Are you heavily into dividends that you let pile up? Or are you simply stating that you're continuing your weekly paycheck investing? What is it?
I'm not trying to pick fights, I'm honestly curious. I've always been a fully invested person. I'm almost always around 98% invested. I recently, since March 7, freed up about 10% of my portfolio thinking I might have a better opportunity to pick up bargains at a later date. I sold stocks I had lost faith in (Disney, Starbucks, Airbnb, etc). I like to think of myself as a long term investor, but reading comments on here it makes me feel like I'm panicking. So I'm just looking for some honest answers.
Thanks.