Retail investors all think the U.S. stock market will continue to surge, frequently chasing gains. Now everyone, including the elders and grandmas, believes the opportunity has arrived. Old man Buffett is starting to massively reduce his holdings. He's nearly 100 years old, has eaten more salt than your rice, and while others are greedy, I am fearful. Behind the frenzy lies risk.

Any wealth washout is always a systemic sharp decline followed by a rebound. Currently, U.S. Treasury yields have broken through 5%. In history, in 2007, U.S. Treasury yields broke 5%, and in 2008, Lehman Brothers collapsed, triggering a global financial crisis. Global capital considered U.S. Treasuries the most trusted asset, and funds flooded into them, creating a siphoning effect that triggered a global financial tsunami. Therefore, chasing high can be deadly. The old man has risk awareness; shouldn't we also respect the market? Although the bigger the wind, the more expensive the fish, not every fish at every time can be caught. Risk control comes first.
Regarding dollar-cost averaging into funds, I will explain the detailed rules and precautions later, for your reference only. #Nasdaq