Originally Posted by
JamesBond
Nah. I didn't go that far, but I have pulled out a bunch and gone to cash. Gold has always been a ****ty investment anyway. I bonds are a good deal right now, and I think with the clown show in DC that inflation will be with us for awhile so those returns will be good for the forseeable future. Good for you that you have a long time horizon that you will be able to recover from what (for me anyway) has been a net reduction of almost 30% in my net wealth. But one man's 'crisis' is another man's challenge I guess. But don't worry, I will be fine. My 401k which is only a part of my post flying income will recover eventually as well. TVM though is a real thing and it sucks when you realize that your particular 'T' part of the equation ain't so big anymore.
Mostly everyone is down a similar amount but are we really down if we don't sell and have a long term timeline? Same thing happened in 2000 and 2009 , I didn't sell either time and came out pretty good. This time I have a bunch of cash from selling a California house at the start of Covid and see this as a potential buying opportunity. The problem I have is the same as everyone else - when to start plowing money back in?
Scoop