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Old 03-18-2020, 03:26 PM   #1
chiguy
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Right...for the wrong reason
Did you ever bet a horse and expected that horse to win because of race shape/pace and that horses running style? Then the gates open and the race is completely different than you thought but your horse still won?


This happened to me with my 401k this year. First week of January I thought if Sanders or Warren were to become the nominee for the D's then the market would react poorly. Since I am under 5 years till retirement, I thought now was the time to play it safe. I moved all of my money into cash and sat. I told myself, self give it through February before you dive back in. Well for the completely wrong reason it was one of the best financial decisions I have ever made in my life....all for the wrong reasons.
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Old 03-18-2020, 04:17 PM   #2
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Congrats man...you made the right move...

Now you just gotta hope all that money is actually worth something when this is all over.
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Old 03-18-2020, 04:31 PM   #3
lamboguy
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Congrats man...you made the right move...

Now you just gotta hope all that money is actually worth something when this is all over.
it will be worth something, just not as much
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Old 03-18-2020, 04:31 PM   #4
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Awesome move on your part.
My buddy withdrew $30k from his stock investment weeks ago (on advise from his wife) as his two daughters have weddings this summer and he wanted to pay off his new SUV.
Timing can be the best thing.

Whatever is left he is buying silver.
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Old 03-18-2020, 04:39 PM   #5
Saratoga_Mike
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Now you just gotta hope all that money is actually worth something when this is all over.
Yeah, I agree that's the right concern/question, but the BOJ's asset holdings are over 100% of GDP. And the problem in Japan is deflation, not inflation. Pretty incredible. The Fed was around 20% (pre-repos ramping and pre-stimulus) recently. Of course, the USD is the world's reserve currency, so maybe Japan isn't the correct analog.
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Old 03-18-2020, 04:42 PM   #6
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"It's better to have money than to be brilliant." -- Oscar Wilde
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Old 03-18-2020, 05:17 PM   #7
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"It's better to have money than to be brilliant." -- Oscar Wilde
Sounds like a bust-out's comment to me...or Niko Tesla..
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Old 03-18-2020, 06:31 PM   #8
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"It's better to have money than to be brilliant." -- Oscar Wilde
Nice, never heard that one before....
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Old 03-18-2020, 06:36 PM   #9
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Congrats man...you made the right move...

Now you just gotta hope all that money is actually worth something when this is all over.
Well, there IS a TP shortage.......
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Old 03-18-2020, 08:24 PM   #10
sammy the sage
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I bought 2 cases of TP at the flea market of places today...

My theory....cash needs to be destroyed...after all...it is dirty...(more ways than one)...there-fore everything needs to be electronic....

You can be tracked easier that way..

Hurts the black market...gov't gets more tax's ...

yada yada yada....so we'll scare you into giving up a bit more of your freedom...that's all.....

Although...that makes those black market buys of TP and other products a bit tougher...
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Old 03-18-2020, 08:30 PM   #11
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I bought 2 cases of TP at the flea market of places today...

My theory....cash needs to be destroyed...after all...it is dirty...(more ways than one)...there-fore everything needs to be electronic....

You can be tracked easier that way..

Hurts the black market...gov't gets more tax's ...

yada yada yada....so we'll scare you into giving up a bit more of your freedom...that's all.....

Although...that makes those black market buys of TP and other products a bit tougher...
Don't worry. If the Fed keeps shoving enough money into the economy...we may be using this money for TP before too long.
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