Hi Everyone,
Quick background - I have been investing in an IRA and 401k for the last 18 years (I'm self employed). I originally started with a Simple plan, then eventually opened an Individual 401k to allow for more contributions in good years. I have worked with 4 different advisers over that period of time, the last of which I bailed from this week after determining how much more money I'd have now if I had gone to an all-index-fund portfolio 1 year ago, 3 years ago, 5 years ago, etc. I also have a Roth IRA for my daughter (she's 20) that won't get much in the way of new contributions but that I want to grow for the next 30 years.
I'm opening up the whole array of new accounts at Vanguard and while that multi-week process takes place I have had the previous accounts all liquidated to cash a) because Vanguard said that would be a good first step in the process and b) with the market at a high right now I figured it couldn't hurt and c) I had such a hodge podge collection of BS that the various advisors had put me in, I just wanted to wash my hands of it all and start fresh with Vanguard offerings.
So, while I know there are many strong opinions on never pulling everything out of the market, given that I'm already in all cash, and given that this crazy election is coming up bringing unknown levels of unknowns, I'm just curious what the Mustachian Hive Mind thinks. I know many of you have written to not try and time the market, but would this be an exception or not? Obviously there is no way to give a definite answer here which I why I created a poll just to get a sense of the overall feelings.
Feel free to add any other thoughts though, I'm trying to absorb everything I can on this topic and take control of my future once and for all. Very glad to have found this place!