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.
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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