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This is an excellent argument for dollar cost averaging. Many people are against it, but your story above confirms why lump sum investing is so dangerous.
Lump sum investing is speculation disguised as a prudent move. Nothing wrong with speculation, provided you know you're doing it.
Of course, financial advisers make it seem like it's what your supposed to do is dump everything in at once.
Lump sum investing is speculation disguised as a prudent move. Nothing wrong with speculation, provided you know you're doing it.
Of course, financial advisers make it seem like it's what your supposed to do is dump everything in at once.
The numbers suggest dumping into the market make the most sense. You don’t need to make some snide comment about advisors as it’s simply how things have played out historically
I own FEMKX. It was up in 2017 and first half 2018, but the air is leaking from the balloon now.
I bought with a 10 - 15 year time frame. Economists expect growth in China and India to well out pace US growth. International funds could double in price from here in ten years. If EM puts in a deep bottom in 2019, I'm adding as much as I can with the expectation I'll triple my returns by 2032. I'll just passively ride out the downturn since I hopefully won't need that money.
I'm back to where I was a year or more ago. Of course I'm not happy about it but that's reality. Some years are good, some are meh, some can be poor and some can be dismal. I stay diversified, I stick to a budget, I keep an appropriate emergency fund, and as monies come in they get invested/reinvested. Everything else is out of my control. Oh and I vote, and have already done so for midterms. Outside of that... not much else I can do.
I’m still up from January. I was prudent going into Sept/Oct, I was only 15% in stocks. But I did write some cash covered puts. This morning I wrote some more cash covered puts. Hoping to get VTI at much lower than when I sold. I sold at 149 and 144.
If the market doesn’t take off, I might get it lower. Oversold condition. But I’m glad I’m not 100% in equities.
That would have been me but I'm getting better at catching big market tops and I sold just before it really went to **** on a lot of my stuff. In fact I posted here the morning I sold saying as much.
I did buy some yesterday and sold today for a small profit. But I might be assigned some VTI at $132.40 in Dec.
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