Is it time to get out of equities ?

txaggieacct85

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9:10a, 2/24/23

AG

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

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Old McDonald

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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.

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Outdoorag011

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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.

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JohnLA762

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10:14a, 2/24/23

AG

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techno-ag

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10:23a, 2/24/23

AG

Past performance is no guarantee of future results.

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Cyp0111

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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)

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Ag CPA

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11:22a, 2/24/23

AG

Time to get out was a year ago.

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txaggieacct85

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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

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YouBet

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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.

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Ag13

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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

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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

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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

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northeastag

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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.

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txaggieacct85

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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.