At what point do I start taking money out of my VTI holdings and parking it in cash - there is no way the market keeps going up.
Second, trying to time the market is almost always a suboptimal strategy. The question is when will you likely need the money? If you won't need it for 10 years or more, keep it in index funds. Otherwise, treasuries.
There is no way the US’s leaders let the prices of publicly traded securities go down or even stagnate relative to the US dollar. These publicly traded securities make up a significant portion of the US leaders’ and most active voters’ assets, plus almost all state and local US governments depend on the securities’ price growth to meet their deferred compensation obligations.
The alternative to risk in US securities isn’t the USD, it’s a stake in other stable countries with resources.
I want to acknowledge and empathize how much it sucks, while also putting it out there so that nobody suffers blaming themselves for something that might not be achievable.
Disclosure: I've been waiting-and-seeing too long myself, and I should probaby stop trying to time/strategize.
The market can keep going up in dollar terms while losing real value if we enter a phase of high inflation.
I mean their cash pile is also invested in money markets (so you get that), and the rest of the portfolio consists of quality companies where their (combined) valuation didn't explode in the last 1,5 years. So it's an opportunity to invest into something that might not be overheated.
BRK has stated that they'll buy back in when prices are reasonable again, so it's an automatic "sell-high buy-low" strategy.
markets...irrational... longer than you stay solvent, etc.
what's your risk tolerance?