Why I temporarily went into cash - a personal look at the market in spring 2025
I have been investing since 2016, and my portfolio included Russian and American stocks, and a little crypto. I went through the growth of 2020, the fall of 2022, and the nervous recovery of 2023. But in May 2025, I almost completely went into cash. Below I will tell you – not as advice, but as an observation: why I did this, what I expect and what I am tracking.
🔹 What has changed?
The market is “growing on expectations”
Indices are growing despite weak economic statistics. This reminds me of the “hope” and “speculative optimism” phases before sharp corrections.
Stock prices are higher than earnings expectations
P/E is back to double digits even for non-growing companies. This usually doesn’t last long.
Crowd psychology
Too much talk about a “runaway market”. This is often a harbinger of a correction. At such times, it’s best to keep your distance.
🔹 Why cache?
Not gold, not bonds, but cash – because I’m not sure where exactly the capital might go.
Cash gives me flexibility: if a good opportunity arises, I’ll go in calmly.
I don’t want to “chase” – the market will give a chance to those who are not in a hurry.
🔹 What am I doing now?
📉 Selling weak assets that I held out of “pity”.
📊 Following sectors where the foundation looks stronger than the noise around.
🧠Reading more than trading: studying case studies of companies with long-term sustainability.
🔹 What am I tracking in June?
CPI (inflation) in the US
Big Funds Behavior – What Does the 13F Reporting Show
Semiconductor Sector – Overheated or Not?
Emerging Markets ETFs – Are There Entries?
An investor does not have to be “in” all the time. Sometimes the best move is to wait.
I do not predict a crash. But when something feels too “easy”, I prefer to step aside.
The main thing is to preserve capital and preparedness. The market will return anyway. I just want to meet it not with emotions, but with a sober calculation.
