Stocks dropped as the selling pressures that dragged Wall Street last week persisted, while investors braced for a slew of economic data reports this week.
That’s why I said “for now”. I was mulling buying in after the election when corporate interests were riding high on a “pro business” President. But I didn’t. Now I have that cash free to buy in when we hit the bottom of the slump, if there is a bottom…
There have been studies showing that just dollar cost averaging is a better strategy then trying to time the market using market sentiment for long term gains.
While thats true in the real long run during stable times, that also assumes there are not overt outside pressures forcing the market in one direction.
Trump does not bring stable times and is actively sabotaging economic stability.
My employee stock purchase plan went through recently. I missed selling before the dip caused by all the other employees selling. Normally I will ride it out for a bit and the stock jumps back up but this time I had a sense it was going to just keep dropping. I waited a couple hours for it to partially rebound and managed to time it perfectly, it’s only been downhill since I sold lol
To be totally honest, this isn’t about stock market gamesmanship to me–I’m not trying to buy the dip over the next few days. (If anything I’m waiting for the AI bubble, which I personally believe is bigger than the .com bubble, to blow the fuck up.)
Between incompetent idiots and assholes running everything, ridiculously inflated stock prices, meme stocks and market manipulation, on-again-off-again trade war bullshit, and the AI bubble, I’m happy to have my money out of the market. I have zero faith in the people who are running our economy to do anything worth investing in, and I’ll be perfectly happy to find alternative means of investing over the next 2-4 years.
Frankly, I’m sick of putting almost my entire life savings in the hands of corporations and the delusional k-holed fucknuts like Musk who run them. It’s a bonus that I’m no longer the shameful owner of bullshit ETFs and company shares that serve only to enrich and empower the richest corporate oligarchs.
I’ve lived through multiple crashes already, maybe I’ll hop back into the stock market during the next one, or maybe not because fuck this whole system.
Looks like I might have made the right choice keeping my non-401k savings out of a market index fund for now.
Not unless you’re retiring soon. You want to buy when things are low.
That’s why I said “for now”. I was mulling buying in after the election when corporate interests were riding high on a “pro business” President. But I didn’t. Now I have that cash free to buy in when we hit the bottom of the slump, if there is a bottom…
There have been studies showing that just dollar cost averaging is a better strategy then trying to time the market using market sentiment for long term gains.
While thats true in the real long run during stable times, that also assumes there are not overt outside pressures forcing the market in one direction.
Trump does not bring stable times and is actively sabotaging economic stability.
Everyone says that about each and every presidency. The years have made me skeptical of anything revolutionary happening on a macroeconomic scale.
There might not be a bottom? Damn.
I’m SO READY to buy the dip in a year and a half
I sold all of my stocks a couple weeks back and I’m feeling pretty fucking good about that right now.
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My employee stock purchase plan went through recently. I missed selling before the dip caused by all the other employees selling. Normally I will ride it out for a bit and the stock jumps back up but this time I had a sense it was going to just keep dropping. I waited a couple hours for it to partially rebound and managed to time it perfectly, it’s only been downhill since I sold lol
Well done. Timing the re-entry is difficult as well.
To be totally honest, this isn’t about stock market gamesmanship to me–I’m not trying to buy the dip over the next few days. (If anything I’m waiting for the AI bubble, which I personally believe is bigger than the .com bubble, to blow the fuck up.)
Between incompetent idiots and assholes running everything, ridiculously inflated stock prices, meme stocks and market manipulation, on-again-off-again trade war bullshit, and the AI bubble, I’m happy to have my money out of the market. I have zero faith in the people who are running our economy to do anything worth investing in, and I’ll be perfectly happy to find alternative means of investing over the next 2-4 years.
Frankly, I’m sick of putting almost my entire life savings in the hands of corporations and the delusional k-holed fucknuts like Musk who run them. It’s a bonus that I’m no longer the shameful owner of bullshit ETFs and company shares that serve only to enrich and empower the richest corporate oligarchs.
I’ve lived through multiple crashes already, maybe I’ll hop back into the stock market during the next one, or maybe not because fuck this whole system.
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