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In January 2021 the market seemed overheated so I mostly cashed out, and sold a lot of my 401K stock, putting it into safer assets. From May to September as te
by StopTheWorld 4y ago
In January 2021 the market seemed overheated so I mostly cashed out, and sold a lot of my 401K stock, putting it into safer assets.
From May to September as tech indexes got cheaper I began buying them up in my rollover IRA. Two and a half weeks ago I started loading up on tech indexes with my spare liquid assets - I am down about 2.3% on that right now.
I still have some spare liquid assets, but it's easily possible the market can go down more. IYW is down over 35% YTD, IGV is down 34.71% YTD. Then again, if conditions are rosy, you're not going to get to buy Google, Salesforce etc. at such discounts off their highs.
The price of tech stocks has been too high for me for a long time, so I have had a lot of cash. The past two and a half weeks I piled most of my spare liquid cash into the market. I still have a little bit more I can put in, but more than that and I start tapping into my rainy day fund. Any how, I don't think I would buy more on a small dip at this point, it would have to be a bigger dip for me to buy more tech indexes now.
I don't even like buying stocks, but it's hard to resist buying the tech stocks at such a discount off their peak at the end of last year.
- bwb 4y agoTiming the market is luck :) If you want to be wealthy stay in it and wait 30, 40, or 50 years. It isn't a get rich quick scheme.
- rvz 4y agoYou are right, it was indeed getting quite overhyped and extremely euphoric in both the stock market (and crypto). I quite frankly saw it coming months ago. [0] It just had to end very quickly with a market crash after all what happened in the last two years. [0] https://news.ycombinator.com/item?id=29508238 https://news.ycombinator.com/item?id=29508238