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I have to laugh. I'm just getting into investing and I put 50% of my net worth in over the last few weeks. Half about a week ago and half yesterday because I fi
by krschultz 18y ago
I have to laugh. I'm just getting into investing and I put 50% of my net worth in over the last few weeks. Half about a week ago and half yesterday because I figured "Hmm, looks like it is starting to bottom out".
FAIL - I guess this is why they say don't try to call bottoms.
My plan - keep putting money in. I'm young and holding for the long term, this is a great buying opportunity no matter what happens today, or monday, or 6 months from now.
For me specifically, I'm socking a lot of money away in a retirement account to make up for the fact that when I start my company, I won't be making many contributions until I start making money.
Having money working for you even when you are not working helps reduce the risk of starting a company.
- charlesju 18y agoYou should spread your risk out with even increments of investments every month for the next 2 years. Since you're young, this is an excellent time to invest because you're definitely getting a bargain in the long run.
- pxlpshr 18y agoI doubt the bottom will come till next year my friend, so buy incrementally. And I feel the Christmas season will be a fluke of optimism, however the news media may spin in into a the Nightmare Before Christmas... markets are random, probably better off investing in yourself at this point.
- hugh 18y agomarkets are random, probably better off investing in yourself at this point. Very well put.
- steveplace 18y agoI don't think there will be any positives coming out of Christmas. Everyone will look at Q4 retail numbers and get the wind knocked out of them. Historically, equities do well in Nov and Dec. Markets may be random, but they do have tendencies.
- krschultz 18y agoDollar cost averaging is your friend
- biohacker42 18y agoI think you have the right plan, the only thing I would change is big moves like 50% in a few weeks. Go slow, then you don't have to worry about picking bottoms.
- LogicHoleFlaw 18y agoI am doing the same thing. I increased my monthly 401(k) contributions and am holding for the long term - 30 years or so I guess. Hopefully we will have recovered by then ;)
- baguasquirrel 18y agoI respectfully disagree with the other posters here. I feel that you need to judge each and every investments on its merits. The market does not move exactly in lockstep. When Goldman Sachs was at 85, it was an effing steal. I would still invest in it today if I had the money, but I wouldn't totally pounce on it. As for timing the bottom, yea that's kinda hard. I would watch more experienced players call it cough Buffett cough, instead of listening to random people (yes I know, random ppl like me) on the internetz. ;)
- krschultz 18y agoI don't try to play individual stocks, I have two index funds.
- steveplace 18y agoIf you're going to be putting money to work, at least sell puts. You can catch an extra couple percentage points and will give you an edge in the long term.
- mhb 18y agoYou should read the Berkshire Hathaway annual reports and learn from the Great One.