Reply to WHO is pulling all of their money out of the stock market?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of impatient people on here.

We haven’t hit bottom yet.

Wait.

Then buy.[/quote]

+1[/quote]

You have little chance of timing it correctly.[/quote]

Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.][/quote]

If you think the market will not recover ever, or in the next 20 years, then if makes sense to take your money out. But if I think it will what’s the point of taking it out?[/quote]

I have $20,000 in the market. Why would I just ride it down all the way to potentially 5,000 or 10,000? All the medical professionals are saying deaths are going to spike and the economists are saying unemployment might be at 20%. Why in the world would you think the market is going to go up in the next few months with those stats in mind?

Pull it out now and reinvest when the market bottoms out when hundreds of thousands of people are dead in the US. It is not getting better in the next few weeks, obviously.[/quote]

This. We rode everything in 2008 all the way down and said we weren’t going to do it again this time - late 40s now. We had a lot hedged already but pulled a ton of money out after the second bad day. I know we will never get back in at exactly the right time but I feel OK about it anyway.[/quote]

This. [/quote]

Not this. Not even a little bit. The real question here isn't when did you pull your money out. It's when did you put your money back in? How much of the run UP did you miss?[/quote]

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