Quote:
Originally Posted by iamwhatiseem
You are buying too early....it ain't done falling yet.
I moved my money last year...thankfully avoided losing $1000's like my friends and colleagues have.
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My only advice to you is an old investment adage: "More money has been lost by trying to "time" the market than by simply staying the course." You seem to believe you can outsmart the market. I have learned that to be a humbling experience. Besides the potential tax implications involved with buying and selling appreciated assets, even if you know when to get out, you'll probably not know when to get back in! My experience is that it is nearly impossible to do with any consistency. Whatever you do, best of luck to you.
PS - one of the ways to avoid the 'losers game' of market timing is to properly allocate your assets among the major asset classes (Large Cap Stock, small and mid cap stock, US Bonds, International stock, Int'l bonds, REITS, Precious metals, Sector funds, etc..) and then stick to that allocation by re-balancing periodically. That way you can withstand the inevitable ups and downs without losing sleep. Another benefit of periodic re-balancing is it forces you to buy low and sell high......
