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Of course it depends on the situation. If you are saving for retirement, you will be waiting on the money for years regardless. If you will need the money in t
by Shatnerz 6y ago
Of course it depends on the situation. If you are saving for retirement, you will be waiting on the money for years regardless.
If you will need the money in the short-term there are other options/indices (e.g. bonds) that are safer given market volatility but will yield lower returns most likely.
If you want to speculate and try timing the market, I'd suggest mentally separating the money into a different category and accept the possibility that you may lose it or end up with terrible returns. I would try not to consider category that as "investment"
- JacKTrocinskI 6y agoTotally agree. For OP as a young investor I would suggest creating a learning account for experimenting with higher risk trading strategies. For investment purposes SPY and QQQ, just not before the election because too much volatility right now.
- Shatnerz 6y agoThis is a bit confusing. You say > of course as the old saying goes time in the market beats timing the market but you also directly contradict it by saying to wait until after the election.
- JacKTrocinskI 6y agoYeah, to me it's sort of obvious that we just entered into a market correction right now but for someone who is new to investing I guess just invest every month a lump sum and go for it. Every month buy some SPY and you'll average out and won't have to time the market.
- marketgod 6y agoAre you considering this a correction and we are going lower? It's definitely a strong market right now. There is nothing bad happening except weak hands folding. Timing the market > Time in the market is my motto so your previous comment has me intrigued.
- JacKTrocinskI 6y agoNASDAQ correction, 10850 broke, I can see this retracing to 10250.
- marketgod 6y ago10250 is about $300 on SPY. I don't think that's happening. Getting into TSLA tomorrow Oct 02 $450.00 Calls with $8.00 buy stops.
- deleted 6y ago[deleted]