10-13-2020, 10:14 AM
Yeah not to beleaguer the obvious but if you are a long game investor and skipped market buy in over the first few months of the pandemic (and even some strategic buys more recently) you missed one of the biggest buying opportunities in recent history.
I don't see any reason to stay any cash heavier in the near future than your typical 6 months reserves unless you're worried about losing your job. I sat through a private Merrill briefing last week and they said that a blue wave + Biden presidency would likely lead to short term market gains due to the higher likelihood of generous stimulus being passed. In the long term it's very uncertain, CEOs were polled and it was evenly split 33/33/33 for growth, hodor or pull back hiring in the US depending on what laws are passed. The Fed has made it pretty clear that rates will be extremely low for another few years so there really aren't many other high return options in the near term other than the market.
I don't see any reason to stay any cash heavier in the near future than your typical 6 months reserves unless you're worried about losing your job. I sat through a private Merrill briefing last week and they said that a blue wave + Biden presidency would likely lead to short term market gains due to the higher likelihood of generous stimulus being passed. In the long term it's very uncertain, CEOs were polled and it was evenly split 33/33/33 for growth, hodor or pull back hiring in the US depending on what laws are passed. The Fed has made it pretty clear that rates will be extremely low for another few years so there really aren't many other high return options in the near term other than the market.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks