RE:RE:RE:Are we going to retest $2.50, this is a turd man I can't argue with a risk off move like going to all cash. Staying invested, inherently, presents risk. Still, staying in cash also presents risk of lost opportunity. There are a few issues with removing yourself from the market ... (1) when do you jump back in? Especially now, markets are volatile and unpredictable, swayed by the latest headline. Psychologically, its challenging for many to buy a specific stock after having sold that stock; (2) Cash pays literally nothing. PRV pays 10% yield. Even if PRV drops more, as long as you don't need the money, wait out any sp drop and collect your monthly dividend; (3) diversification in any portfolio is important. In this environment, real estate and gold, imo, offer the most protection and upside. Tech stocks, mostly, I'm not buying given their absurd runup in sp; the risk of a substantial fall is too great. That said, everyone has their own opinion on this.
David Rosenberg, economist, gives an interesting talk about where he forsees the world in 1-5 years and where to invest:
https://sprott.com/insights/webcast-replay-pandemic-playbook-with-economist-david-rosenberg/#
GLTA