What did your financial advisor

[Shaun @ Tru6]

tell you what to do the third week of February and the first week of March?

Did anyone's tell you to convert some X% to cash to use for buying the bargains to come? Or just to stay to stay in ride it out?

Given the nature of the stock market decline based mostly on Chinese manufacturing slowdown and US inadequate response leading to a future massive economic slowdown, wondering how many Michael Burry's are out there.

[RWebb]

I advised myself to do a little selling in Jan & Feb

[Sooner or later]

I advised myself to back off on equities when I retired last year. I also advised myself to rebalance each quarter.

[cabmandone]

Been trying to buy a little on each dip. Only regret with my IRA's is that I should have been doing it in smaller increments up to my max allowable for SEP IRA contributions.

[LWJ]

No advice. I hoarded some cash in Q4 for an upcoming investment this year.

I look like a genius.

On a different note, what the heck should we buy now???

[cabmandone]

Originally Posted by LWJ

No advice. I hoarded some cash in Q4 for an upcoming investment this year.

I look like a genius.

On a different note, what the heck should we buy now???

SPY and AAPL...

[nota]

july 2028 oil futures currently 46xx

if you can cover the short term margin calls in the next few months

oil has always come back over production costs in the long term

[RWebb]

Originally Posted by LWJ

No advice. I hoarded some cash in Q4 for an upcoming investment this year.

I look like a genius.

On a different note, what the heck should we buy now???

same more or less as a month ago

plus stocks whose value has now been "uncovered" by the market drop - services, restaurants, bars and lots of others

Plus, things which will do well in the changed circumstances we are in now (now being a state that may last for nearly a year)

- Amazon should do well for example; FedEx maybe

- various stocks in the health space too

[masraum]

Originally Posted by Shaun @ Tru6

tell you what to do the third week of February and the first week of March?

Did anyone's tell you to convert some X% to cash to use for buying the bargains to come? Or just to stay to stay in ride it out?

And equally importantly, have they told you to do that in the past when nothing happened.

That's the problem. You could have a financial advisor that gives you that advice frequently. This time, maybe they were right and you made a ton of money, but how many times have they given you that advice and it didn't work out like this?

I thought about selling some off, and now I'm wishing that I had. That's easy to do with hindsight. As long as I don't sell now, and I have the time to wait, I won't lose any money and I'll end up making some.

[flatbutt]

I moved 150K out of equities into a money market based guaranteed fund in January. She says we must sit tight for now and re-balance again after recovery.

[masraum]

Originally Posted by flatbutt

I moved 150K out of equities into a money market based guaranteed fund in January. She says we must sit tight for now and re-balance again after recovery.

I would be sorely tempted to move that back into the market.

[Scott Douglas]

I'm glad I listened to myself last year and got out when I did.

[flatbutt]

Originally Posted by masraum

I would be sorely tempted to move that back into the market.

IDK bro, I'm getting too faint of heart for these market swings. I'll keep some equities. Right now 60% of my holdings are in stock, I'm going to cut that back after the recovery.

[pavulon]

Have had 85% of my retirement in bonds and 200k in cash waiting for this moment...

[stevej37]

I'm into Utilities. Slow..steady growth..dividends that keep increasing. Safe investment.
For the past 30 years..it's done very, very well.

[Shaun @ Tru6]

Originally Posted by pavulon

Have had 85% of my retirement in bonds and 200k in cash waiting for this moment...

OT but to your sig line, maybe use some of that cash.

Euro 1983 Porsche 928S

[masraum]

Originally Posted by flatbutt

IDK bro, I'm getting too faint of heart for these market swings. I'll keep some equities. Right now 60% of my holdings are in stock, I'm going to cut that back after the recovery.

I do think you mentioned in another thread that you're in your 60s? If that's the case, then more conservative isn't a bad idea.

[pavulon]

Originally Posted by Shaun @ Tru6

OT but to your sig line, maybe use some of that cash.

Euro 1983 Porsche 928S

Nice car but am looking for an e28 (BMW). BAT will be interesting to watch as well.

[RWebb]

Originally Posted by stevej37

I'm into Utilities. Slow..steady growth..dividends that keep increasing. Safe investment.
...

no PG&E I take it

[stevej37]

^^^
I started buying @$7 and it's grown to $65 (except for the virus drop) now at $56
A healthy dividend each month..can't go wrong.

Has anyone ever heard of a utility going under??