Yet, productivity and progress keep moving forward! What, precisely, is your investment strategy? I don’t know about you but my crystal ball, my tea leaves, my duck entrails don’t work to find absolute minimums or maximums in markets. And since I don’t buy nor sell at one period in time I don’t care about extrema in any event.
In long term investing you can’t be guided by emotions, hysteria, or bad information. Tell me, what are you doing with your retirement accounts? What’s your age? Are you selling everything in a panic and putting it in so-called cash? It’s your money so what you do with it is up to you. However, advocating foolish advice inspired by mass hysteria is irresponsible and irrational.
I’ll tell you what I’m doing with our retirement accounts and our taxable investing accounts. We are adding more. And we are making sure we don’t have excess cash. So as soon as bills are paid we take a few thousand of the extra each month and put in into taxable accounts. We won’t need that money until 2045 at the earliest so I don’t care if the market drops another 30%. If we aren’t at a higher level of national productivity in 2045 we will have bigger societal and personal problems than numbers in a database.
Now if one is living off of savings and that is one’s sole source of income and it is in 100% equities and one can’t afford a 50% drop than one is being greedy and foolish. Notice all the conditionals.