[retiredguy123]

Originally Posted by rsmurano

I mentioned palantir a couple of hours ago as a great investment during the last year. I just heard that palantir will be used by the federal government to track down illegal immigrants. If this is true, This stock still has legs.

Somebody mentioned holding 20% cash, why? You are losing money every day. I use my money market funds as my emergency cash stash, can sell right now and transfer the money the same day, all while making 5.4%.
Somebody else mentioned about somebody indicating they recommended getting out of the market a year ago. Not sure if I said this but I did say this at the end of 2021 and I did exactly that, moved everything into money market making 5.x%. This is the 1st time I did this in my life, stayed in during 2000’s, 2007, and 2020, but now, why when I can tell things aren’t looking good.
I made money throughout 2022 and part of 2023 while everybody invested lost 30% or more. So when I thought it was time to get back in, I started off where I left off at the highs of 2021 instead of waiting months or longer for my portfolio to get back to where it was in 2021. Plus, the environment was different when Tesla, meta, Apple were way down, some less than $100. If I was all invested, I wouldn’t be able to take advantage of buying these stocks, which I did when some of these stocks were < $100 and Apple was in the $120’s. Have you seen where each of these stocks are today?
The days of riding out a recession or a large downturn, are gone for me. I have trailing stop losses on my etfs and stocks so I take the emotion out of selling.

I consider a money market fund to be cash.