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.
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.