Stock Market is the bottom in?

[Foggy47]

There really are not good alternatives.....IMO.

FWIW......at one point in time.....I thought I could time the markets a bit....and would be agile enough to get in and out to max my returns. And, to an extent I was able to wring a point or two of gains here and there. But all it takes is to get whip-sawed one time....and you could set yourself back a decade or more. Ask me how I know these things. grin.

I do think a guy can hedge ......maybe 10 to 20% of your portfolio.....if you think you are in tune with the markets. But I am not sure it pays.....as if you do "win"....you'r likely to get braver and braver until at some point "the market" gives you a lesson. My 2 cents.


LOL....I feel like that old duffer in the movie Wall Street.....giving advice.....and later packing up his desk as he was not churning enough stock to let the "house" make a profit. grin. (Hal Holbrook?? ).

 

[Bill]

FWIW......at one point in time.....I thought I could time the markets a bit....and would be agile enough to get in and out to max my returns. And, to an extent I was able to wring a point or two of gains here and there. But all it takes is to get whip-sawed one time....and you could set yourself back a decade or more. Ask me how I know these things. grin.

I do think a guy can hedge ......maybe 10 to 20% of your portfolio.....if you think you are in tune with the markets. But I am not sure it pays.....as if you do "win"....you'r likely to get braver and braver until at some point "the market" gives you a lesson. My 2 cents.


LOL....I feel like that old duffer in the movie Wall Street.....giving advice.....and then packing up his desk as he was not churning enough stock. grin. (Hal Holbrook?? ).

I agree. With a tiny exception. Like you I let the advisors do their thing. That’s what they’re for. But sometimes that whole preserve thing (while very good) misses obvious upside. When the market tanked during Covid I made them buy. It paid off. When the market crapped out this time I suggested they buy. Should have made them. Because they only dabbled.