So I know alot of people are worried about this upcoming market correction by years end (or sooner?), and yes timing the market and such...
Anyone currently worried about it with good reason and are you being proactive about your investments, or will you be riding the storm out?
My only concern is my VTSAX Roth IRA fund. I've been putting in $500 each month during the year until maxing the contributions, but was wondering if I should switch the VTSAX fund to the Vanguard Federal Money Market Fund for safety until this market event (if it) hits.
Any suggestions or feedback?
Be careful with the language you use. You are talking about predicting the future, which is complete speculation.
So there is no sense in talking about "
this upcoming market correction" (which assumes it is a forgone conclusion).
Instead, you should be asking about "a
potential market correction."
Secondly - no one could possibly be worried about it "
with good reason."
If there were clear and good reasons for predicting a correction then the the correction woudl have already happened as everyone pulled their money into safer investments in order to avoid the "upcoming" correction which they had "good reason" to be worried about.
I'm not trying to be smartass here. I'm simply pointing out that the language you use can fuel your fear, uncertainty and doubt.
I have no idea if a storm is coming.
I have no reason, good or bad, to think a correction is coming or not coming.
And I don't believe anyone else does either.