{ "media_type": "text", "post_content": "I feel like the market is slowing down. I see signs of it all around me and the data supports it.\nI was going to put 15k in stocks but now I think I may wait because in a year cash is king. Thoughts?", "post_id": "5ddd8bec20d588001cdd2323", "reply_count": 33, "vote_count": 1, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

I feel like the market is slowing down. I see signs of it all around me and the data supports it.
I was going to put 15k in stocks but now I think I may wait because in a year cash is king. Thoughts?

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

If you are certain that you aren't ready to put that cash in the market at least do a bank bonus or CD rather than letting it sit at <2%. You should be able to find something that gives you 3-8% apy for your deposit over a 3-9 month span if you look closely enough. Then put any excess in the market anyway.

CA credit union has a 5% 5 mo CD, Citi has a $400 bonus for 15k deposit held 60 days, etc.

likehelpful

You have to maintain an excel sheet with bonus details and minimum requirements. It’s a bit of a pain but worth it. In the last 4 months, I have received bonuses from Chase, Wells Fargo, BB&T, and awaiting from TD bank. Most of them have direct deposit requirements too if you want to avail that. Visit /r/churning and doctorofcredit too.

like

I had the same thought, and then the stock I was looking at buying jumped over 10% last month. If you’re buying and planning to hold it long term, then just buy it now.

like

Fair

Recent IconRecent

Seems like you got it all figured out, spend that cash on SPY puts and collect your free money.

likefunny

OP you will get wallstreetbets kind of comment of all investment forums. Just ignore and move on.

likesmarthelpful

In general, time “in” the market beats timing the market. If you don’t need the money for at least 5-10 years out, I’d invest in the market now and not sit on cash.

likeuplifting

Makes sense

What data is supporting it? Serious question. To my knowledge, the market just hit a new all time high today and the housing report was better than expectations.

like

I’ve been observing things like the yield on the 10-year Treasury note earlier this year fell at a breakneck speed from 2.75% to 1.6% over six months. The steepening or the curve has historically been a precursor to a recession.The economic expansion in the second q was only 2%.

Earnings growth estimates have come down drastically this year. Last December, analysts estimated S&P 500 earnings growth for the year would be around 7.6%, according to FactSet. That number is now around 2.3%.

I know none of these are a surefire indicator but together they’re not that encouraging.

like

Timing the market is the worst decision you can make.

like

It’s not about TIMING THE MARKET. It’s about TIME IN THE MARKET. Get in early as possible and ride it out.

like

If OP is really that good at reading the market, he/she would be leading a hedge fund racking in billions instead of working for Deloitte.

like

Thank you newCo1. Sorry about sharing my opinion and asking a question.

I’ve presented some data above. Care to take a read and share your slightly more productive thoughts?

like

While you’re waiting for the market to drop, the market can make gains that the drop won’t reach back down to. Analysis paralysis

like

Comments like these are pretty funny. I remember around this time last year, the markets took a massive dive and everyone on here was convinced that the recession was finally here. We had a new post every day where people asked if they should "wait for the crash" before investing anything.

Then 2019 came and the bull run resumed. If you stayed out of the market because of the correction in late 2018 till today, you would have missed out on a 25 percent return ytd. All this is to say, if you are decades away from retirement, STOP FOCUSING ON THE SHORT TERM. Pick a well diversified strategy, set your contributions on auto pilot, and stop looking at the markets. If you do this early and invest consistently, you're virtually guaranteed to be a multi millionaire by the time you retire.

like

^ditto

Additional Posts in Personal Investment Chatter

Are you looking for a volunteer opportunity? Consider signing up to be a mentor to a CPS high school student through iMentor! I have been a mentor in this program for 2 years and have really enjoyed it. They are looking for 800 new Chicago mentors for the upcoming school year.

likehelpful

We're looking for IT Cost Optimisation and IT Performance Improvement from consultants to Directors at Capgemini Invent. Ping me if interested.

like

Please like this post to open inbox functionality

like

Butter chicken pizza but can’t find the chicken 🥹

Post Photo
funnylike

Are holding company agencies usually more likely to win awards because of the money behind them? I know there are politics involved with them, so just curious. I was at a place before that’s had down open briefs, always with the aim of a Lion, so that’s why I ask.

like

Has anyone been successful in buying property lately? All my ‘over’ asking price offers have been turned down. I saw a house in McKinney sell for $200K over the asking price this weekend. People are going crazy about real estate now that toilet paper is back in stock🤦🏻‍♂️

likefunny

HI Fishes. I applied at Amex via referrel last week. Can anyone tell me how much time the company generally takes to reach out?

like

What do you guys honestly think when the woman pays for the entire bill?

like

In a physical inventory training for new hires... “do we have to bring our own scales to the site?”

likefunnyuplifting

Any one going to Ghana in a few weeks?

Any fish here recommend recruiters/recruiting agencies if trying to switch to industry? Looking for exit opps in New England area.

like

Question, if your work told you you had to sleep with your boss or be fired would you comply?

like

Ugh I just signed to fix my house’s mortgage interest rate at 2,73% for 2years. Instantly regret it.

like

Any strong Cardano believers here? Considering buying some on today’s dip but not sure if it’s worth it

like

I went through a few interviews with the Deloitte Cybersecurity for a manager role. I've been in more senior roles at competing firms. Initially I said no thanks, but after the 4th call they made an initial offer at the top pay of the manager salary range and sent me a link to the application form. It's a 20% pay bump for me. So the question is should I take a demotion for 20% pay bump? Or counter with a lateral move? Is it even possible to negotiate a higher level after interviews are done?

like

This may already be answered, but are embassies open for h1b stamping on India??. I am getting conflicting reports from my friends. TIA .

like

Ok y’all, level with me. How much are folks in tech really making? I’m 2nd year PE ASC (300k LTM TC). I keep seeing big numbers for "less work” and don’t know if this is “grass is greener” syndrome?

like

Any BCG fish have any insight into the Henderson Institute? Had a brief stint at a think tank and loved it. Trying to learn more about what opportunities may be out there and Henderson seems ideal

Additional Posts (overall)

Noob here. Can someone explain investing to me like I'm a dummy? I just want to make sure I have the basics down. Like for instance, I brought 2 shares in something that just skyrocketed but am wondering if I should buy more at the current price it's at or if I should have just brought a shit load of the stock in the first place. And do people usually keep buying the same stock over time or do you just buy a whole bunch of the same stock at once? Help lol

like

Since corona is bigger threat , ll govt 2t bill sufficient , will housing mkt crash or limited tight supply will keep prices afloat.will u wait in high demand mkt now or still go ahead with post crisi high price

like

Does anyone have exposure to bitcoin? If so, how much do you have? I have .20 BTC but I’m afraid that’s not enough

like

Anyone else aiming for early retirement targeting a $12M nest egg? I figure you can pretty much live any life style you want at $1k / day, and that gives you a 3% withdrawal rate. Going for the FAT Fire 🤙

like

Do you think rent for houses and apartments will ever become generally more expensive than mortgages? Why or why not?

like

2 years out of business school, $200k in cash. Half of it is a 7% interest earning account in a somewhat risky geography, the other half is in a 3% account in a much less risky geo. There’s around 15k

like

What are you doing with your TVIX stocks. At one time had profit of 10k and now credit susie dropping it running into 1k loss.

like

401k borrowing for home purchase - what have y’all done when deciding to leave your place of employment? I feel like I’m trapped bc if I don’t pay back the $50k within 60 days I’ll get slammed with penalties and tax

like

Fishes - Anyone get a good lease deal recently for an electric vehicle in the broader SF bay area. Looking for a regular sedan for a family of four. Open to all brands Chevrolet, Ford, Tesla, Kia, Hyundai. Desired lease - 3 year, 10k miles, ideally less than 400 per month (effective).

Appreciate if you can share the dealer contact information.

Thanks.

like

What blogs/books/resources should I seek out if I want to make the transition from passive trading (index funds/buy and hold blue chips) to more active trading (options, speculation, spending a few hours a week researching, etc)? I’m looking to turn my investing into more of a side hustle

like

How much money do I need upfront to buy a house in Houston?

likefunny

Moving to Bergenfield NJ from the city but will still be working on the city. Am I gonna get taxed twice ? How do NJ taxes compare to NY/NYC taxes?

like

Following on my previous post, any recommendation for storing ~12K rainy day fund? I feel it pained to see draw only 0.4% interest. I may have some need for few thousands in 8-9 months (or not if I save up enough from paychecks before then) but other than that I don't have any further immediate need.

like

Favorite resources (books, YT videos, podcasts, etc.) for beginners looking to get into personal finance? Looking for something easier to consume so I don’t get disinterested

like

Hi all I’m in my early 20s with about 60k in savings - I do not have any investments yet due to prior job restrictions and lost motivation. Any advice on how to start investing? Should I look into index funds? Which ones??

likefunny

Are we buying ETH right now?

like

I am looking to put some money into an account for my kids when they grow up. Am I better off with a UTMA/UGMA or a 529 or a mixture of both? Which one has the most tax advantages? I’d like to invest the money and not just keep it in a savings account.

like

Pros and cons doing a HDHP with HSA vs. regular PPO? Cost wise, I’m spending $18/month on the PPO and $20 copays per visit (I only usually do my physical and maybe 1-2 specialist visits). With the HDHP, I’d pay $0/month, would have to pay for each appointment given after $3000 deductible, but my company contributes $900 to my HSA. It estimates I’d pay $90/yr with the HDHP as I’d use the $900 to cover the costs vs. $345 with the PPO. I always see HSA emphasized here so confused what route to go

like

Any thoughts on investing in REITs at current valuations?

I recently inherited ~$200k in cash. Any thoughts on how to invest it? It puts me over the accredited investor limit so private deals are on the table. Thanks in advance for your thoughts.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

New to Fishbowl?

image with Fishbowl logo and arms reaching out for a handshake

Already have an account? Log in

By continuing you agree to Terms of Use and Privacy Policy.
Messaging rates may apply

For account settings, visit Fishbowl on Desktop Browser or

General

Legal