Is it time to get out of equities ?

txaggieacct85

Joined: Feb 12, 2016

Posts: 5,109

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

9:10a, 2/24/23

AG

I'm hearing more and more people predict the market is going significantly south in 2023.

2

Old McDonald

Joined: Feb 8, 2019

Posts: 5,737

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

9:38a, 2/24/23

maybe, but nobody really knows. be wary of anyone saying they do. only thing that matters is time in the market > timing the market.

13

Outdoorag011

Joined: Nov 5, 2019

Posts: 885

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

9:42a, 2/24/23

I am a ways away from retirement. Market drops don't worry me at all. I'll just DCA down. Now if you are retired or close to retirement that may change your outlook, but I'm personally not worried.

4

JohnLA762

Joined: Sep 29, 2009

Posts: 7,412

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

10:14a, 2/24/23

AG

5

techno-ag

Joined: Mar 12, 2010

Posts: 53,194

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

10:23a, 2/24/23

AG

Past performance is no guarantee of future results.

10

Cyp0111

Joined: Nov 27, 2016

Posts: 9,105

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to txaggieacct85 • 11:17a, 2/24/23

I think continue to buy unless you are at an age where preservation of principal is paramount to lifestyle (i.e. retired)

5

Ag CPA

Joined: Dec 30, 2002

Posts: 7,112

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

11:22a, 2/24/23

AG

Time to get out was a year ago.

5

txaggieacct85

Joined: Feb 12, 2016

Posts: 5,109

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to Ag CPA • 12:20p, 2/24/23

AG

Ag CPA said:
Time to get out was a year ago.

I took $650K out last year and used it for two family mortgages to my son and daughter.

Both loans are about 3% which is good for them and saved me some losses in the market.

AFR Rates | IRS Applicable Federal Rates | National Family Mortgage

4

1 edit

YouBet

Joined: Jan 9, 2001

Posts: 77,835

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to txaggieacct85 • 2:35p, 2/24/23

AG

txaggieacct85 said:
I'm hearing more and more people predict the market is going significantly south in 2023.

The positive pundits are saying that 1H won't be good but see a recovery in 2H with year end growth looking good.

The negative pundits are saying to sell now....all the time....forever.

2

Ag13

Joined: Feb 5, 2013

Posts: 9,251

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to txaggieacct85 • 2:50p, 2/24/23

AG

txaggieacct85 said:
I'm hearing more and more people predict the market is going significantly south in 2023.

this tends to be a counter signal...

5

txaggieacct85

Joined: Feb 12, 2016

Posts: 5,109

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to Ag13 • 3:15p, 2/24/23

AG

Ag13 said:
txaggieacct85 said:
I'm hearing more and more people predict the market is going significantly south in 2023.
this tends to be a counter signal...

This guy has been one of those.

JPMorgan Chase CEO Jamie Dimon Dials Back Prediction of Economic 'Hurricane' | Barron's (barrons.com)

txaggieacct85

Joined: Feb 12, 2016

Posts: 5,109

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to Ag13 • 3:16p, 2/24/23

AG

Ag13 said:
txaggieacct85 said:
I'm hearing more and more people predict the market is going significantly south in 2023.
this tends to be a counter signal...

Agree. I think its mostly self serving

1

northeastag

Joined: Sep 24, 2014

Posts: 3,506

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to txaggieacct85 • 6:09p, 2/24/23

AG

txaggieacct85 said:
Ag CPA said:
Time to get out was a year ago.
I took $650K out last year and used it for two family mortgages to my son and daughter.

Both loans are about 3% which is good for them and saved me some losses in the market.

AFR Rates | IRS Applicable Federal Rates | National Family Mortgage

Thumbs up!

Good move as a parent too.

1

txaggieacct85

Joined: Feb 12, 2016

Posts: 5,109

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to northeastag • 6:49p, 2/24/23

AG

northeastag said:
txaggieacct85 said:
Ag CPA said:
Time to get out was a year ago.
I took $650K out last year and used it for two family mortgages to my son and daughter.

Both loans are about 3% which is good for them and saved me some losses in the market.

AFR Rates | IRS Applicable Federal Rates | National Family Mortgage
Thumbs up!

Good move as a parent too.

Thanks. They appreciated it. They got a cheaper mortgage rate and avoided PMI and a lot of closing costs.

And I like taking care of the family.

And I get paid every month.