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.
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.