Re:April Unemployment Rate Rose to a Record 14.7%
by Spooky23 on Friday May 08, 2020 @11:58AM
(#23116225)
I don't have the cash or the time to do that.
My approach was to allocate my portfolio to 50% cash/short term bond in the fall/winter as a reaction to other factors that I wasn't personally comfortable with. I'll start dollar cost averaging into a more equity focused allocation later in 2020 or next year.
It's too risky for me right now, Federal policy is so unpredictable and insane you have no idea what will happen. For example, the proposal floated last night to delay 2019 tax filings to after the election will bankrupt states with income tax, whose policies didn't forsee a madman POTUS.
If we end up in a depression-like state, i may use the cash to keep my house, etc.
My approach was to allocate my portfolio to 50% cash/short term bond in the fall/winter as a reaction to other factors that I wasn't personally comfortable with. I'll start dollar cost averaging into a more equity focused allocation later in 2020 or next year.
It's too risky for me right now, Federal policy is so unpredictable and insane you have no idea what will happen. For example, the proposal floated last night to delay 2019 tax filings to after the election will bankrupt states with income tax, whose policies didn't forsee a madman POTUS.
If we end up in a depression-like state, i may use the cash to keep my house, etc.