If you fear instability, you may want to take a very close look at your proposed asset allocation with the consideration that $7m could turn into $3.5M at any time.I am not so much waiting for a drop but fear instability regardless of the result. My plan is to buy regardless which side wins. I just want to wait out any chaos/unrest or whatever. I hope that is an unfounded fear, but at this stage waiting 3 weeks to invest $7m in an index seems reasonable and definitely helps me sleep.
Why wait until mid November? Are you hoping for a post-election drop?
Those with aggressive stock allocation's sleep well knowing that, regardless of volatility, they can wait out a stock downturn that could last 10-15 years or more. If you can't sleep well due to an upcoming election? Well, you get my point.
Statistics: Posted by retireIn2020 — Wed Oct 16, 2024 12:44 am