If your money is in a tax deferred account then reallocate some to non-equity.If you'll be in trouble if your equities drop 50% then move some out of equities.If it's in taxable accounts then you're stuck unless you can take the tax hit.In any case stop buying equities until you reach a decent allocation.
reduce your exposure to growth stocks, IT type stocks. S&P trading at historically high P/E ratios. A correction is coming, not a crash. Many "experts" are predicting slow/little growth type market over next number of years. Dividend paying equities will be the investments to go into. It is what I have done and I too am big in the stock market.
95% of my invested money is in a brokerage account. Only can build up my ira so much with 6000 a year going into it. I don't worry too much because I'm 38 and don't need any of the money that's invested. It's obviously painful to watch it drop but i try and keep 10% or so always in cash in case of a correction so i can average down a little.
At age 38 just keep buying and stay calm in the next crash.
That's what i'm pretty much into. I was probably under invested in tech. Around 25% of my money was in tech while the majority is in the S&P and SCHD which is a dividend etf. I also have a little international exposure and IBB.
I was underinvested in tech as well. Got burned with blackberry years ago so I stayed away from most tech stocks. Did buy the QQQ which has turned out to be a great investment, up over 8X since I bought it years ago. Don't own SCHD but have bought QYLD and RYLD and some split corporations. Looking more at dividend income and dependable cash flow then future growth.
Looks like the market is really going into a major correction.Hopefully, Getbiggers have a sensible asset allocation.
