You are making the assumption that you can time the future of markets just like Pelosi. Unfortunately, the 99.9999% of us who can't front-run or insider-trade like politicians don't have this ability. In any case, I'm not suggesting an all-in bet on anything. It's asymmetrical. So you put 2-7% in crypto, and the rest in stuff like equities that are going on fire-sales. There is plenty of shit burning right now world-wide, and the smoke is going to get thicker over time unless the Fed does another 180. And if it does, crypto will most likely catapult.
Have you asked yourself what the downside of being in cash until the market turns around is? I'm not assuming I can pick bottoms ot tops but I can ride trends. Want to know which way the market is going? Draw a line chart and ask a six year old. Deaddog strategy. Buy stuff that's going up. If it stops going up sell it. Don't hold anything in your portfolio that is underwater. Look at your portfolio and tell me how you would have done if you followed this strategy. The only control you have over the market is when you buy and sell. If you are losing it's no ones fault but yours. Old Wall Street axiom. "Don't fight the Fed"
I can see that I hit a neve there. Calling names and repeating my argument shows that you don't have much to say apart from being angry.
Yes, this is wise words to live by. Back to your idea of staying out and waiting for a definite rise in a market; the risk here isn't just that market-timing is next to impossible, but that you will likely fall victim to the Achilles heel of market timers. I shouldn't have to re-post the old facts, but history has shown time and time again in the markets, that the BIGGEST gains in the markets are due to just a VERY FEW of the trading days. Just missing a few days will cost you greatly in the returns. That said, if you still have strong conviction the market has to go down further, then I won't complain. I'm happy on catching a few knives down, rather than chasing a missed opportunity. Dr. Burry expects much more pain to go, and his prior history tracking in this shows him to be correct. But some of my value stocks I'm not sure can be depressed to even lower PEs when they are already at the bottom of the initial covid fire-sale prices.
We're talking about your comment bud. You said junk that I've already made a profit from and more junk laying around or something like that. You're the one that said it, not me... And no, because all my profits were made last year, (late December to be exact) and this year I have bought more. So no, you can't see profits for this year because I haven't sold yet. Sorry bud...
Now if you complete that research you'll find that being out of the market the worst days would have increased your gains significantly. You actually gain more by being out of the market. It's the same as hoping for a stock to recover. If you're down 10% you only have to gain 11% to recover. But if you are down 50% you now have to gain 100% to recover. I would suggest you draw a chart of your portfolio balance and see how it is moving. As I've said before I'd rather be in cash watching the market go up than be in the market watching it go down. You'll probably be fine. Sounds like you've got years ahead of you.
Sorry for the misunderstanding; When you said I mistakenly assumed you were referring to yourself. Sorry you haven't made any profit this year.
No I am sorry, because in the future when my millions roll in you will still be trying to trade for a living, and I will have already made my living.
For example, If you make $2M and cashed out $1M and left the other $1M in profits and now you've lost over 60% value on that remaining $1M, you're a loser according to these fucking asshole cucks It's called gaslighting