Dollar cost averaging, in a basket of dividend paying stocks, is my personal philosophy; as a retiree.
Seeking a 6-8% total annual yield.

quote:

Originally posted by mcrimm:
Good question. I pretty much got out last spring when the big drop occurred. I think a drop is on the horizon before long due to our economy, lockdowns, rate of housing defaults and a host of other negative indicators. My crystal ball burnt out long ago, however, so who knows.

I did the opposite of you. I got almost out of everything last summer, too early. And when covid-19 happened and the crash in March, I went heavily in, though only about 50%. The gains since March have been nothing but incredible. If I had gone all the way in back in March, I probably would be able to retire early by now.

At this point, I am not selling however I won't buy more either.

Its a roller coaster. The only way you get hurt is jumping off in the middle of the ride. I've got 20ish years to retirement. I enjoyed the 35% returns this year.

quote:

Originally posted by SIG4EVA:
Its a roller coaster. The only way you get hurt is jumping off in the middle of the ride. I've got 20ish years to retirement. I enjoyed the 35% returns this year.

That is *usually* the only way one gets hurt on a rollercoaster. However, every once in a while a car comes off the track. When that happens, it is usually quite messy.

The big unknown is whether the Dems will be able to steal the 2 Senate seats is Georgia. If the Dems take control of the Senate too, I just can't see any upside potential for the economy.

I think there is about a 60% chance that the Dems can steal the two Georgia seats, since Atlanta is one of the most corrupt cities in the country with respect to voter fraud.

I have sold most of my stocks but still have about 30% in equities.

quote:

Originally posted by slosig:

quote:

Originally posted by SIG4EVA:
Its a roller coaster. The only way you get hurt is jumping off in the middle of the ride. I've got 20ish years to retirement. I enjoyed the 35% returns this year.

That is *usually* the only way one gets hurt on a rollercoaster. However, every once in a while a car comes off the track. When that happens, it is usually quite messy.

If it comes to that, it's not going to make much difference what you do either way.

Politics and economics are dovetailed. In a socialist economy, which is likely where we are headed, the "ruling class", ie, those in gov't and their cronies, will take care of themselves first, the rest of the people get the leftovers. Hello Venezuela.

If it becomes apparent that Biden is "in" and his agenda/cabinet picks become public, a lot of people are going take profits, they've had a great 4 years. Will it go down. yes but it will go back up.
From what I see Biden is running as fast as he can right back to the "failed globalist policies of the past, to manage the decline"
Buying on the way down is good way to make money (long term 5 yrs or more) just like buying on the way up.

It is quite certain, if/when the market does get pinched, due to Biden's socialist actions, he and the media will blame Trump.

Biden will be able to ride Trumps economy for a year or so then when things start to go downhill the "It's all Trumps fault" will begin from him and the MSM.

quote:

Originally posted by kramden:
Biden will be able to ride Trumps economy for a year or so then when things start to go downhill the "It's all Trumps fault" will begin from him and the MSM.

And I could start now making my list of friends, neighbors, relatives, who will swallow the kool-aid.

quote:

Originally posted by Scoutmaster:
It is quite certain, if/when the market does get pinched, due to Biden's socialist actions, he and the media will blame Trump.

You are or will be 100% correct.
Additionally he will take credit for any short term immediate gains.

quote:

Originally posted by smschulz:

quote:

Originally posted by Scoutmaster:
It is quite certain, if/when the market does get pinched, due to Biden's socialist actions, he and the media will blame Trump.

You are or will be 100% correct.
Additionally he will take credit for any short term immediate gains.

Not a really a difficult prediction to make as that is how they play the game as far back as I can remember. Both sides.

quote:

Originally posted by dave7378:. . . Not a really a difficult prediction to make as that is how they play the game as far back as I can remember. Both sides.

On the whole, the Repubs are pro-capitalism, the Dem's are pro-socialism. Capitalism provides a stronger economy than socialism. (But socialism puts more $$ in the pockets of politicians/bureaucrats and their cronies than does capitalism).

As expected, lots of profit taking yesterday. Might see some additional profit taking tomorrow. Hard to predict or time the market and I've never been able to do it. Dollar cost averaging and some opportunist buying on the dips seems to work best for me.

I remain 70-80% invested but not buying additional stocks or ETF's at these highs. Waiting for another dip similar to Oct 30th/31st or worse to be ready and resume nymphing for stocks. I may be waiting for some time.

In the meantime, I'm building up cash in my Fidelity/Vanguard cash settlement accounts in order to be ready when the next dip or two arrives in the weeks or months to come. Selective pruning continues. Sometimes the hardest thing to do is to sit on the sidelines with cash and wait it out.

Regardless of the upcoming Biden/Harris BS and policies or, some unforeseen cataclysmic event,I believe the overall the market performance in 2021 will be good even if there are a few pullbacks between now and December 2021.