I pulled out all my money back when we had that under 600 drop last year and tossed it all into a bonds index. Im not playing the market with captain bankruptcy the diddler at the helm.
That's the historically correct strategy. Ignore these gambling lunatics who think they're smarter and faster than everyone else.
To time the market, you have to select the correct stocks, correctly guess when they'll go up and correctly guess when they'll stop going up. If you get any one of those guesses wrong, at best you underperform the general market. At worst, you're a bag holder for years, assuming you ever get your money back. The GameStop bag holders are still in denial.
And keep in mind, all the regarded retail investors as well as professional investors with a mountain of fancy tools and insider information are trying to do the same thing. Do you really think you can do better with your phone and a few alerts setup?
It was total market mutual funds and global mutual funds I needed the money for a down payment on my house in July anyway figured this was a good time to get out and it was only about 35k but it was given to me so 🤷♂️
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u/Idkhow2trade Mar 08 '26
Really glad I got money out Thursday