Brick and mortar companies are getting their asses kicked online retail did well over the holidays and Apple is doing ridiculously well.
I don’t know but if I bought a house or rental properties with a loan, and I saw my stock portfolio book a 30% gain in S&P 500 index funds alone last year… I’d not get greedy, take some (but not all) money out the market and pay down some (or all) of my loans just so I could live free and clear or enjoy almost 100% cash flow on rentals….as part of a more general diversification and retire earlier “fxck you money, I no longer need to work” strategy…
After all, there will be probably be a day when all this does correct, but when that happens and how severe is anyone’s guess, you probably should take part of it off the table to secure your future and laugh the way to bank, knowing IF the downturn does happens you are already 20x better off than people who completely sat out of the markets and need to play catch up…. Plus, if there is a downturn, you would be at the front row seat to pick up any discounted assets..And if there isn’t a downturn, you still have 1 foot in the game to real the rewards too. But that’s just me. I wouldn’t trust myself to being able to accurately predkct the future. I’m told I am pretty dumb. And being pretty dumb I need to dumb-proof myself. I suspect theirs probably part of population doing this too as part of their retirement strategy of building a fortress.
