Investment Strategy in a 2nd Wave Market Crash?

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  • Wed, Jul 22, 2020 - 05:01pm

    #1
    justskipee

    justskipee

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    Investment Strategy in a 2nd Wave Market Crash?

Hello PP community,

I’m 36, and found the PP community after the pandemic market crash in March.  I spoke to different advisors and new harbor and  in early May decided to sell my retirement funds (403b – pre-tax invested) that were invested in 100% stocks in a mix of mutual funds/index funds in a diversified portfolio and they are now in a savings fund/cash.  I have heard many views about the potential for a future crash, but am not sure what would be the strategy for what to invest in for my longer investment horizon 25-30 years for retirement.  My funds are in fidelity accounts, I have no other equity/bond exposure for my personal fund and have been following the principles of investing in my wellbeing, financial knowledge, minimalist living and community.

If there’s a coming crash, are there specific mutual funds, ETFs, indexes that you would recommend at a certain price to then purchase?  Other ideas for how to think about and strategize to optimize this tied up currency for future retirement?

Thank you for your help,

Justin

  • Fri, Jul 31, 2020 - 05:12pm

    #2
    katyonalaska

    katyonalaska

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    Investment Strategy in a 2nd Wave Market Crash?

I’m in the exact same boat as you. I switched my Fidelity account to cash. I thought about trying to claim hardship and using the cares act to liberate most of it in order to buy real estate… but that’s got downsides.  Taxes (due over 3 years). If you figure it out, let me know. 🙂

  • Sat, Aug 08, 2020 - 01:38pm

    #3
    justskipee

    justskipee

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    Investment Strategy in a 2nd Wave Market Crash?

Thanks for your response. Glad to know I’m not alone.  I am realizing that for every prediction is another prediction that is the opposite, and there is now clear “right” path.  I’m working with a financial advisor to re-look at my risk, and envision investing in a diversified portfolio through dollar cost averaging over time once there are more indicators or feel of recovery of the economy.  If it crashes, then I’ll probably put more of a chunk in, the same way to diversify and try to captialize on the short term recovery but also in a way that I can keep it in the market for a while.  Money money money.  Wishing you well.

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