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You should only buy now if you a) suddenly have a lot of cash, AND b) can definitely take a long-term position without needing the money for 5-10 years. Everyo
by vsareto 7y ago
You should only buy now if you a) suddenly have a lot of cash, AND b) can definitely take a long-term position without needing the money for 5-10 years.
Everyone else should wait for the upward trend to make sure it's not going to get much worse. You want to "predict the staircase" and not "the floor".
- RandomBacon 7y ago> Everyone else should wait for the upward trend to make sure it's not going to get much worse. "Don't try to catch a falling knife." https://www.investopedia.com/terms/f/fallingknife.asp https://www.investopedia.com/terms/f/fallingknife.asp
- gdubs 7y agoTo put a finer point on it, a fully funded safety net is a good idea before moving money into investments. Enough to cover basic expenses for, let’s say, a year. How long exactly depends on your risk tolerance. Not a financial advisor, standard disclaimers, etc.