1. The official Sherdog Store is back! Check it out! » Discuss it here! »

Other than retirement, I currently have over 50% of my assets in Cash........

Discussion in 'Mayberry Lounge' started by TheNinja, Nov 14, 2020.

  1. TheNinja Gold Belt

    Joined:
    Mar 8, 2005
    Messages:
    21,954
    Likes Received:
    5,659
    Location:
    Glorious Sweater of Absolute Victory
    .....but I'm too worried about a market crash to put a lot of it into stocks right now. I just feel there has to be a correction in the next 6 months.

    So what should I do other than lose money getting .05% in a stupid savings account. I'm looking for relatively safe at this point until the stock market dips and I can get back in.
     
    Yotsuya and jeffk like this.
  2. Fugazy You sure about that, that that’s why? Double Yellow Card

    Joined:
    May 26, 2012
    Messages:
    11,792
    Likes Received:
    4,802
    Location:
    Knives and animal carcasses. Home.
    If you don’t want risk, idk
     
    uppercutbus and TheNinja like this.
  3. If you're worried about a crash, buy gold
     
  4. Otto! Steel Belt Platinum Member

    Joined:
    Oct 6, 2008
    Messages:
    27,048
    Likes Received:
    20,773
    Location:
    On my bike, or gone fishing
    Is real estate an option right now for you? Do you rent or own? Of course that depends on the market where you live.

    I’m being very conservative right now, but that’s because I am retiring in about 5 months and I’m not risking any capital. I want to buy my retirement house clean off and be mortgage free, so I’m pretty risk adverse right now. I don’t mind missing out on bigger returns if it means retiring mortgage-free.
     
    shunyata, JoshTehV, dc007 and 4 others like this.
  5. solmu Purple Belt

    Joined:
    Mar 2, 2010
    Messages:
    2,005
    Likes Received:
    1,188
    Good time to buy a house. Interest rates are ridiculously low right now.
     
    Woldog, Ottawaguy, cmw43 and 2 others like this.
  6. Midnighter Silver Belt

    Joined:
    Aug 25, 2009
    Messages:
    14,674
    Likes Received:
    2,281
    It's been shown that dollar cost averaging is better than trying to time the market.

    Every month I'm saving more than investing right now though.

    Edit: well it also depends on your investment strategy and experience too
     
    Last edited: Nov 14, 2020
    gonads20, TheNinja, Cid and 1 other person like this.
  7. Larzon Yellow Belt

    Joined:
    Oct 12, 2019
    Messages:
    234
    Likes Received:
    171
    Bitcoin
     
    kenetics and TheNinja like this.
  8. Get To Da Choppa Black Belt

    Joined:
    Feb 22, 2020
    Messages:
    5,405
    Likes Received:
    45,433
    You sure put a lot of thoughts for your $70 in cash savings!

    For real though, I would hedge by investing some in gold and silver ETF. Don't get tied down to one stock, and set a limit price for selling so you don't get too greedy. If you are more sophisticated, you could play the option game, just remember to not go naked in that option game
     
    TheNinja and KeepingItReal like this.
  9. kahiljabroni Red Belt

    Joined:
    Nov 30, 2013
    Messages:
    7,969
    Likes Received:
    2,033
    Depends. How much dough u got?
     
    TheNinja likes this.
  10. GSP_37 Titanium Belt

    Joined:
    Aug 27, 2007
    Messages:
    44,378
    Likes Received:
    3,662
    Location:
    Hawaii
    You'd think stocks would go to shit in wrecked world economy, but mine are up a ton and not that far from all time highs.

    If I had converted everything to cash in anticipation of coronavirus economic damage, I would have missed out on a lot of upside.
     
    TheNinja likes this.
  11. Horus Banned Banned

    Joined:
    Nov 14, 2006
    Messages:
    2,400
    Likes Received:
    1,421
    Location:
    Australia
    bitcoin, gold, palladium
     
  12. mime Black Belt

    Joined:
    Feb 23, 2014
    Messages:
    7,131
    Likes Received:
    687
    Location:
    Jacksonville
    Stocks will eventually crash but then they'll go back up, as long as you dont sell you wont lose in the long term. Also get a little bitcoin as a hedge
     
    TheNinja likes this.
  13. Jack&Cat Green Belt

    Joined:
    Aug 17, 2020
    Messages:
    1,477
    Likes Received:
    1,901
    Interested to know the general consensus about Bitcoin. I have given a little bit of thought to purchasing some, but I don't know much about it. Any tips?
     
    TheNinja likes this.
  14. Renard Red Belt

    Joined:
    Jan 20, 2016
    Messages:
    9,039
    Likes Received:
    4,626
    Governments are printing a shit ton of money right now, which will eventually translate to currency losing value and thus your cash savings losing value. It's not safe to just sit on currency, either.
     
  15. Osculater Red Belt

    Joined:
    Aug 16, 2013
    Messages:
    9,281
    Likes Received:
    2,613
    I have all my monies invested in doge coins, so I should be good in the near future
     
  16. aerius Silver Belt

    Joined:
    Nov 21, 2006
    Messages:
    12,310
    Likes Received:
    6,221
    Location:
    YYZ
    Sit on it and sleep soundly at night. Fear of missing out on market gains is how people get wiped out. Seen it countless times before; someone cashes out of the market because he doesn't like where various key indicators are headed, then sees all his buddies still fully invested and making mad gains. He then jumps back in shortly before the market tops out and gets wiped out clean when it crashes.

    I'm going to say the same thing I said half a year ago - I'll trade this shit out of this market and pocket some gains, but I sure as fuck ain't investing. And if you don't know the difference between trading and investing, you might as well set your money on fire.
     
  17. PizzaandBeer Banned Banned

    Joined:
    Nov 2, 2020
    Messages:
    717
    Likes Received:
    1,337
    What is your retirement, your 401k?
     
    TheNinja likes this.
  18. Luke Hand Cool Allez(oopsie)-Omi

    Joined:
    Apr 12, 2007
    Messages:
    71,643
    Likes Received:
    7,028
    too high now
     
    solmu and Jack&Cat like this.
  19. Luke Hand Cool Allez(oopsie)-Omi

    Joined:
    Apr 12, 2007
    Messages:
    71,643
    Likes Received:
    7,028
    I have a million dogecoin
     
    TeTe and Fugazy like this.
  20. Legicato Banned Banned

    Joined:
    Sep 27, 2020
    Messages:
    615
    Likes Received:
    796
    70s Mustang mkiv Supra R34 or NsX. Might as well enjoy your wealth while keeping it a easily flippable desirable assest.

    Precious minerals stocks are safe.
     
    Fugazy likes this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.