No. of Recommendations: 6
Lot of ugly choices at the moment. But, you gotta play the cards you’re dealt.
My estimation that there will be a major screw up at least once in the next few years is approximately 100%.
China invades Taiwan, Russia invades Eastern Europe, mass deportations, draconian budget cuts, SS cuts, nukes in the Middle East (or anywhere - we got ‘em, why not use ‘em), or take your pick out of a dozen other known and unknown macro economic scenarios. Sorry, it’s just my experience with sociopathic megalomaniacs - it never ends well.
This runs contrary to my usual LTB&H philosophy (held tight during 2016-2020, got hammered in the pandemic, and rode it backup), but I am now planning to sell a lot of my stock portfolio over the next few weeks (mostly the S&P type funds) and hold on to the cash (ST CD ladders). Maybe up my TIP allocation a bit, too. I will hold a few stocks I’ve owned for decades because I still like the companies.
Wait for what I think will be the inevitable crash, and then hop back in. Ya, I know. Timing the market is not usually smart. But on rare occasions it can make sense. My gut (or is it spidey sense?) is telling me this is one of those occasions.
