This is no different from 2008.
If you didn't sell, don't do shit now, it's too late.
If you're young, now the time to increase your 401k contributions or take take your federal refund and invest in a good index funds in your IRA.
Of you're old, well sorry but your generation once again FA and you're in FO territory. Hope you have good relations with your kids too help you through while things slowly stabilize and recovers.
The time to panic sell was in January. This might be the time to start buying.
This mostly worked for me. I needed to sign back up with a financial advisor and I wasn’t happy with their service so I sold off most of my stocks in January to redo my portfolio. Now I’m just holding that cash for a bit.
This is just the beginning, things are gonna get real bad. The markets are currently priced with tariffs being dropped, if Trump doesn't actually drop them then there is a ton of room to fall.
Lol. No. The EU tariffs haven't even hit yet. They actually go into effect next week. The only way this is the time to buy is if you think trump is going to back down. He isn't. He's an egomaniac gambling with someone else's money. This is going to get a lot worse before anything recovers
Cool, update me on the exact bottom of the market.
That’s why this isn’t necessarily wise though. There’s no real way to know where the bottom is. It depends on unpredictable future events. Especially in this case since Trump loves to chaotically change his mind all the time.
Congrats, you’ve discovered dollar cost averaging.
Well there's only so deep stocks can go. If it's < 0.5€ what are you afraid to lose? The equivalent of a carton of eggs? 😄
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