How many sold out stocks to cash?

thedudeabides

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Jan 16, 2011
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Hi all,

Curious as to what others have done WRT their investment portfolios. I was 70 / 30 approx. 6 months ago and went to 50 / 50 at that time. I went 80 /20 on March 9 and total cash (except for a small amount in a Vanguard bond fund) yesterday March 17. I guess I should consider myself somewhat fortunate as I "only" took a 12% hit from total value three weeks ago. Or maybe stupid knowing historically that the market always recovers in time. I can always buy in again when the market suffers another large daily loss but the question is when? Any insight greatly appreciated. Thinking the "dollar cost averaging" approach. Given that I'm retired and live on a fixed pension income, I can, at least, sleep better for now knowing there are future opportunities to reverse the losses over time.

These are unprecedented, scary times and I wish all good luck on their financial well being and good health through this chaos.
 
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thedudeabides

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Jan 16, 2011
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Thank you Ked. Given your profession, I'll take that as a positive affirmation of my actions.
 

BlueFox

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I cashed out of the majority of stocks two days before this crash began. I can live with the little loses I incurred.
 
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Vienna

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Everything out since two months ago
 
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thedudeabides

Well-Known Member
Jan 16, 2011
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Good timing Vienna. Please tell me what bird whispered in your ear? Better yet, send me its e-mail address.
 

Vienna

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the continuously increasing covid patients’ numbers and the attached below ....... A22381E8-E20E-48D8-808F-03A94E4E8350.jpeg
 

Barry

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Jan 7, 2012
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I see banks running out of cash ...

Not likely. In the last few days the US Fed has: opened the discount window and encouraged US banks to borrow for their reserve requirements; backstopped foreign central banks' USD swap lines for major currencies; backstopped US commercial paper markets (coprorate short-term loans) for approved credits; and added to liquidity to the repo market (broker dealers, think Lehman Brothers) - all with $1.5 trillion USD, massive liquidity. They are also further considering shortening duration of treasury securities purchases with more monthly purchases (adds banking reserves) and buying longer term corporate debt as part of their "QE" quantitative easing program (allows both for corporate bailouts and possibly lessens needs for companies to draw on their credit lines with banks. So add another trillion or two. For reference US GDP is 20T.

The last recession was a financial crisis directly involving financial intermediaries. This one will most directly impact main street and some business sectors specifically energy, some retail, airlines, and a few others. It's not going to be pretty, but should be of somewhat limited duration given the nature of the virus. That doesn't mean the markets will recover right away....

To the original post, I have about 3 years of cash liquidity, but am close to my target asset allocation (I don't spend very much). Trying to market time doesn't work for me.
 
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ack

VIP/Donor & WBF Founding Member
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What I am going to say is something slightly different: this is what it feels like to be a cancer patient, or patient of any other serious disease... hopelessness, panic and fear is always with you, and it eats you alive every day. We are lucky to be discussing what we may have done with our investments.
 
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ack

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Bob, more than anything else, I am thankful. Whether we accept it now or not, this situation will pass the moment there are clear signs of a vaccine, or a set of medical treatments that work well. Sanofi announced great things today, look it up.
 

ack

VIP/Donor & WBF Founding Member
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Well, I don't want this thread to turn into another shit show like your coronavirus thread. At the end of the day, the load on the moderators is just too much for them to handle, having to also worry about their own health and well being.
 

sleepysurf

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Folsom

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Run out of cash? What kind of an idiot thinks it's a good idea to be using cash instead of a card when you're trying to reduce transmission?

Vienna, good going mate. You're going to make out like a bandit.

Although I think BTC is the best buy since the halving is coming up in May. Where ever it's bottom is at, not sure. One could easily expect it to double from whatever the bottom is.
 
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NorthStar

Member
Feb 8, 2011
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Thx very much Ack. A shit show is not very nice.

Anyway, it's not important, how many stocks we sell to cash in is a good way to exit this nightmare.
We all have various opinions, without respect we are not much.
And it's not a question of handling, it's a question of life and debt.
 

NorthStar

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BlueFox

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Have you ever tried to clean a dollar bill?

Lots of times. I don’t use a wallet, and keep my money folded in my back pants pocket. More than once I have washed my money. Didn’t hurt it at all, but is was nice and clean when done. Almost new.
 

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