Originally Posted By: Oldmoparguy1
Dang, I wasn't finished.
IMO, we are overdue for a recession. If the dems win, it could be much like 07. If not, who knows. Right now I have 28% cash, I'm thinking I should be 50% or more by this time next year.
back in 07, there were individuals who predicted the crash and had went to all cash. I didn't believe so. I thought if O got elected, I would sell out, but for some reason I didn't. I lost about 48% of my portfolio. Over the next few years I was able to recover some of that, maybe 14%.
In 012 our financial situation improved. My wife opened an IRA and a 401K. We put all our spare cash in her 401K through payroll deduction, and I funded her IRA from my IRA using my MRD. Ever year I pulled $6500 from my IRA and deposited it in her IRA. She retired last year. This year I closed my IRA and and her 401K and rolled her 401k into her IRA. Next year she will be doing MRD withdrawals. I'm setting up her IRA for what may come and doing very little trading. You can be sure that I will be watching the situation very closely this time.
Dang, I wasn't finished.
IMO, we are overdue for a recession. If the dems win, it could be much like 07. If not, who knows. Right now I have 28% cash, I'm thinking I should be 50% or more by this time next year.
back in 07, there were individuals who predicted the crash and had went to all cash. I didn't believe so. I thought if O got elected, I would sell out, but for some reason I didn't. I lost about 48% of my portfolio. Over the next few years I was able to recover some of that, maybe 14%.
In 012 our financial situation improved. My wife opened an IRA and a 401K. We put all our spare cash in her 401K through payroll deduction, and I funded her IRA from my IRA using my MRD. Ever year I pulled $6500 from my IRA and deposited it in her IRA. She retired last year. This year I closed my IRA and and her 401K and rolled her 401k into her IRA. Next year she will be doing MRD withdrawals. I'm setting up her IRA for what may come and doing very little trading. You can be sure that I will be watching the situation very closely this time.