FYI - as I went over in comments over last 3 sessions - I removed Swing short hedge to my 401K longs from Oct on break of 3900 weekly and move to 100% cash there. Now, I hit couple snags I mentioned below worth considering.
So as I also went over yesterday I am CASH 100% on investments (401K) ...and hold positional short SPY from top in late 2021/early 2022 ..(about 25% position - not looking to add yet - see comments).
FYI - TWO issue that have come to light for me managing 401K transfer to cash over this week
1. The funds transfers are NOT GUARANTEED to occur SAME DAY or EVEN NEXT DAY! - my wife is limited to funds on her employer linked 401K ...so that put this restriction on this ..I had to TIME for 1-2 days ahead - in this instance it actually paid off for me, because she had spit 25 Bonds which got flight safety, and 50% stocks domestic ..got through TODAY ! ..and 25% foreign which bounced yesterday - BUT that is a complication I had not foreseen until I actually did the execution and read the fine print! ...not too happy about this and am looking for ALTs
2. I only have 1 FUND for CASH equivalence! ...it's only yield 2% ....which like the scam banks ..even less most of mine banks accounts aren't even giving me more than 0.5%! ...and i'm in process of looking to close all for higher yield ..but obviously, now we have to consider SAFETY - most are FDIC insure upto 250K I believe ...but who needs the stress of bank going down etc ...so i'm leaning to BONDS more and more ...I don't think we are remotely close this CYCLE to DEFAULT .. ..i'm still thinking - welcome input - but FUNDS are NOT FDIC and no gurantee ...so concerned about parking this there.
Edited by EntropyModel, 14 March 2023 - 05:17 PM.
Question everything, especially what you believe you know. The foundation of science is questioning the data, not trusting the data.
I only trust fully falsified, non vested interest 'data', which is extremely rare in our world of paid framing narratives 'psy ops'.
Market Comments https://markdavidson.substack.com/?utm_source=substack&utm_medium=email