Public opinion is that if you knew to sell stocks in February you had to have inside information.
But...we all did. The pandemic coming out of China was widely publicized, most just didn't believe it.
I sold 25% of my stock on February 24th on that news. Now I wish I sold more!
But...we all did. The pandemic coming out of China was widely publicized, most just didn't believe it.
I sold 25% of my stock on February 24th on that news. Now I wish I sold more!
The Dow dipped to 18k before climbing back on the stimulus news, but it can't stay there. Unemployment claims are through the roof and this next recession will be very deep:
So what should you do? Sell everything? Probably not.
So what should you do? Sell everything? Probably not.
If you're young, focus on earning money right now. Keep any automated investments going and keep investing. Then soon (I'd say when we drop below 15-17k) move even more cash in.
I'm keeping my weekly investments going just like before to buy all the way down.
I'm keeping my weekly investments going just like before to buy all the way down.
The most important thing is to stop complaining that the world is rigged and instead focus everything now on earning money.
There are still great opportunities even in a recession. Then as you save up cash gradually increase your automated investments (index funds).
There are still great opportunities even in a recession. Then as you save up cash gradually increase your automated investments (index funds).
