Pulled all of my funds out of the market months ago...
No idea why people thought leaving their retirement funds in the stock market with trump in charge would be a good idea.
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Pulled all of my funds out of the market months ago...
No idea why people thought leaving their retirement funds in the stock market with trump in charge would be a good idea.
The problem is you have to buy back in at the dip. And Noone knows when the dip will be done dipping.
Professional stock traders don't know when the dip will end, so unless you are retiring in the next year or 3, you need to invest back in something... so start thinking about what that means for you
The problem is you have to buy back in at the dip. And Noone knows when the dip will be done dipping.
Professional stock traders don’t know when the dip will end, so unless you are retiring in the next year or 3, you need to invest back in something… so start thinking about what that means for you
Yes and no.
Let's say you sell now. Then stocks drop by 10%. (Making up numbers for easy illustration). You wait to see if they're going any lower, and the next thing you know, stocks have regained 5% of that and are on the way back up. If that's the point where you buy back in, and assuming they don't drop again, you've still come out well ahead.
It's not so much about "buying the dip". It's knowing when the dip is over, things have started rebounding, and getting in before all the losses have been regained.
This is the most important advice for investing right now. Volatility is something you should be considering before investing, not afterwards. Let present holdings ride, and use this as a time to recheck your personal comfort level with investment risk going forward.
It's fucking great. The money that I moved from my savings account into the market is doing awesome. /s
Napoleon vibes and I don’t mean Bonaparte
Spasti 😂