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Be Ready for a Stock Market Decline

Spoiler Alert: This post is about managing risk, not timing the market.  The worst time for a market decline:  Three to five years before an...

Wednesday, September 07, 2011

Still Sitting on the Sidelines

For now I'm keeping most of the funds in our savings and retirement accounts on the sidelines.  I'm going to wait it out until there is more clear positive direction.  So the market volatility of the past month hasn't been of much concern.  I don't care if Ben Bernanke says the economy is getting better or worse.  I don't care if Greece defaults or makes its debt payments.  I don't care if President Obama makes a great or poor jobs speech.   Our portfolio doesn't change by much.
 
Selling until I wouldn't worry about our portfolio was a good move.   I no longer worry about potential daily 4-5 % drops.
 
I can sleep at night.
 
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This is not financial or investing advice. Please consult a professional advisor.

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