I’m not rich as shit and I didn’t know it was coming but it’s still good news for me too because I’m invested into the stock market as are hundreds of millions of other middle class people.
Right, but you’re just riding the ebbs and flows. The real money is flowing to the people with the inside track. You don’t benefit from instability and chaos. They do, up or down.
Well, you can benefit from the instability if you’ve got the means to buy the dip. In my case, though, whatever’s going on in the world doesn’t really affect my investment strategy - I just keep buying the same amount every single month no matter what.
That’s a smart strategy for long term success, but you’re like an edible straw for the people drinking the milkshake. You’re good as long as there’s more milkshake.
But a “safe” thing to do? Just continue what you were continuing, if you are able to. The idea is to not say “I can buy some nVidia stock!” and to instead just continue making your contributions and getting your matching from your employer.
Long term… yeah. But if there is a future, that is how you don’t end up up shit creek without a paddle.
I can only think of two ways buying the dip wouldn’t work: one, you over-invest expecting a quick return, but it doesn’t happen and you’re forced to sell at a loss to cover living expenses; or two, the stock market never recovers to its previous level - which has never happened in the history of the stock market.
I’m not rich as shit and I didn’t know it was coming but it’s still good news for me too because I’m invested into the stock market as are hundreds of millions of other middle class people.
Right, but you’re just riding the ebbs and flows. The real money is flowing to the people with the inside track. You don’t benefit from instability and chaos. They do, up or down.
Well, you can benefit from the instability if you’ve got the means to buy the dip. In my case, though, whatever’s going on in the world doesn’t really affect my investment strategy - I just keep buying the same amount every single month no matter what.
That’s a smart strategy for long term success, but you’re like an edible straw for the people drinking the milkshake. You’re good as long as there’s more milkshake.
Buying the dip works until it doesn’t.
But a “safe” thing to do? Just continue what you were continuing, if you are able to. The idea is to not say “I can buy some nVidia stock!” and to instead just continue making your contributions and getting your matching from your employer.
Long term… yeah. But if there is a future, that is how you don’t end up up shit creek without a paddle.
I can only think of two ways buying the dip wouldn’t work: one, you over-invest expecting a quick return, but it doesn’t happen and you’re forced to sell at a loss to cover living expenses; or two, the stock market never recovers to its previous level - which has never happened in the history of the stock market.
How did you not know, did you not consult the graph?
It’s only good news for us, though, insofar as we’ve got a 90 reprieve from the whims of said assholes.