Anyone taking money out of stocks and into savings?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, I sell my stocks when they hit a 30% return. I put the sale proceeds into savings so my money sits where it's less volitile.

That's mind-bogglingly stupid.

Actually it's not, I am earning almost 5% on my already 30 percent gains. I won't lose money on what I have already sold. Compound interest, I know, for you it's mind boggling. FYI, the stock market isn't the only way to make money on your money. Sounds like you are the stupid one. Show yourself out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, I sell my stocks when they hit a 30% return. I put the sale proceeds into savings so my money sits where it's less volitile.

That's mind-bogglingly stupid.

Actually it's not, I am earning almost 5% on my already 30 percent gains. I won't lose money on what I have already sold. Compound interest, I know, for you it's mind boggling. FYI, the stock market isn't the only way to make money on your money. Sounds like you are the stupid one. Show yourself out.

What will you do when the market goes back up and you’re sitting on the sidelines?

[Anonymous]

It doesn’t sound like any of these posters are permanently exiting the market. I personally plan to aggressively invest in the market after the debt ceiling is resolved.

[Anonymous]

SP500 cannot break the 4200 level. Gets rejected every time since July 2022. Most likely will retest 4200 next week.

[Anonymous]

Our goal is $10MM in our Roths by the time we turn 59 1/2. We are 49/47. We’re getting close to that number. It’s been individual stocks all the way. We’ve had some clunker stocks for sure but several home runs and one major grand slam (TSLA) propelled the Roths to valuations we never thought we would ever get to. Investing in individual stocks is the only way to get those kinds of returns. Plan is to then put the money in relatively safe investments making about $550K/yr tax free.

[Anonymous]

"The stock market is a device which transfers money from the impatient to the patient." — Warren Buffett

[Anonymous]

I like this one:

“Never ask a barber if you need a haircut.” - W. Buffett

[Anonymous]

Anonymous wrote:The s&p is up 8% ytd

After being down more than that the year before.

[Anonymous]

Anonymous wrote:Our goal is $10MM in our Roths by the time we turn 59 1/2. We are 49/47. We’re getting close to that number. It’s been individual stocks all the way. We’ve had some clunker stocks for sure but several home runs and one major grand slam (TSLA) propelled the Roths to valuations we never thought we would ever get to. Investing in individual stocks is the only way to get those kinds of returns. Plan is to then put the money in relatively safe investments making about $550K/yr tax free.

$10MM in Roths while working, that is incredible. Selecting individual stocks for your Roths while more risky is definitely the way to go. You were very smart to do that. It doesn't have to be all or nothing either as you transition. You could sell portions of a growth stock and invest slowly into a dividend paying position.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Yes, I sell my stocks when they hit a 30% return. I put the sale proceeds into savings so my money sits where it's less volitile.

That's mind-bogglingly stupid.

Actually it's not, I am earning almost 5% on my already 30 percent gains. I won't lose money on what I have already sold. Compound interest, I know, for you it's mind boggling. FYI, the stock market isn't the only way to make money on your money. Sounds like you are the stupid one. Show yourself out.

What will you do when the market goes back up and you’re sitting on the sidelines?

Lose his azz, just like every other market timer. You gotta love these guys who think they can beat the market. Guys with decades of experience and PHDs in econ and math from MIT and U of Chicago can't do it, but somehow some they can LMAO.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Our goal is $10MM in our Roths by the time we turn 59 1/2. We are 49/47. We’re getting close to that number. It’s been individual stocks all the way. We’ve had some clunker stocks for sure but several home runs and one major grand slam (TSLA) propelled the Roths to valuations we never thought we would ever get to. Investing in individual stocks is the only way to get those kinds of returns. Plan is to then put the money in relatively safe investments making about $550K/yr tax free.

$10MM in Roths while working, that is incredible. Selecting individual stocks for your Roths while more risky is definitely the way to go. You were very smart to do that. It doesn't have to be all or nothing either as you transition. You could sell portions of a growth stock and invest slowly into a dividend paying position.

Buying individual stocks is a losers game. Why take on the added risk, especially if you already have millions? And dividend stocks/funds are a poor choice as well. Inexperienced investors usually seek out new (in this case resurrected) strategies when their current portfolio isn't doing well.

[Anonymous]

Selling when fear is high, timing the market and stock picking. This thread has everything.