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I've been in the market since 2001 so staying invested for the long haul is the way to go unless you are the rare exception who can market time.
But to be honest I panicked during 2008 financial crisis and didn't buy anything for over a year till the recovery looked promising. I think back then I used to put in 200 a week and stopped altogether until at least a year or possibly up to two years. Never sold but should have kept buying with my paycheck. I think with time and experience one discovers the market keeps on going up and your portfolio will too if you or someone makes the right investments even with all the future crashes and dips. I sort of understand the mentality of those who panic and exit because it's hard to see the light at the end of the tunnel.
I've been in the market since 2001 so staying invested for the long haul is the way to go unless you are the rare exception who can market time.
But to be honest I panicked during 2008 financial crisis and didn't buy anything for over a year till the recovery looked promising. I think back then I used to put in 200 a week and stopped altogether until at least a year or possibly up to two years. Never sold but should have kept buying with my paycheck. I think with time and experience one discovers the market keeps on going up and your portfolio will too if you or someone makes the right investments even with all the future crashes and dips. I sort of understand the mentality of those who panic and exit because it's hard to see the light at the end of the tunnel.
It’s a painful proposition to be in a situation where you need to withdraw a significant amount just after the market has dropped, though. I guess that’s why so many aren’t 100% pedal to the metal equities.
Usually, it’s an opportunity to point out how the FED or government intervened to prop the bubble up, the market is delusional, and the coming crash will only just be bigger because they are still right but now even more right because you won’t believe how ugly it will be.
and as history shows us , more money is given up in preparation or anticipation of the next crash , then has been lost in a crash with diversified funds.
the lost compounding is forever if one missed the best days of which there are very few
Last edited by mathjak107; 03-03-2024 at 03:08 AM..
I've been reading posts about the next crash around the corner since mid 2009 when some nervous nellies were certain the "real depression" was a few months away and the only safety was in physical gold and sliver. Imagine sitting on the sidelines for the last 15 years wringing your hands and losing out on historic gains in the stock market.
There's a pill for that. Or so I've been told; ask Mathjak for details.
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