Remember when every smart ass bogleheader was making fun of people for selling because the market barely dropped 1-2%?
How do you know when to sell? The downfall of American exceptionalism which the S&P represents. Remember bogleheaders like to tell you to zoom out. They don’t even realize that the age of the S&P is actually younger than the late Mr Bogle himself. Would you ever create a law of physics based on the observation of one lifetime? For example when I was young I saw the most prosperous career seemed to be a Dr. When I grew up it was a software engineer. See how stupid it is to tie performance and laws of physics to a single lifetime? Yet that is what people do.
S&P is the index of American Exceptionalism which is supported by Christian Nationalists that believe the US has divine ordainment. That supporting a stupid egotistical man can’t possibly have consequences because he is also divine ordained. And that supporting Zionists works out for the same reason.
Welcome to the dildo of our consequences which rarely comes lubed. Ask a bogleheader to convince you why the S&P MUST go up. Tell them that zooming out is a rather short period of time relative to the history of man kind and explain to you why it must go up. It isn’t even the length of time of Mr Bogle himself. Reality is its religion behind it. Sorry to break it to you.
Shit went way south based on strait of Hormuz closure which is not some sci fi scenario but one long mapped out by brain trusts of the US that had convinced smarter presidents to not attack Iran. We finally got the president who believed he was divinely ordained. Good luck!
I believe in diversified low cost index funds as core gospel of bogleheading. But the extreme S&P US exceptionalism and to never sell it as New Testament. Diversification matters as does diversification of thoughts and actions. It doesn’t hurt to take an all cash breather for a short term as some smarter folks realized.
When wsb and boglehead started using the same bullish memes such as it’s not a loss if you don’t sell, you knew things were still near ATH.
Despite being open to swing trade realize the lower point in a draw down you sell the lower your margin of success in timing the market. Those that sold when it was only -1% have a very high margin of success. Those that sell now less so. Those that sell in a week at another 5% drop even less.