IF you can determine when the stocks finish falling you’ll beaten the finest economists in the world. But yes, that is how rich people get richer during recessions, they buy the dip. It’s good advise if you don’t need the extra cash.
You’ll never know when stocks “finish falling”. The general advice is “buy mutual funds indexing the market instead of individual stocks, buy it as early as possible with any money you don’t need in the short term, never think about that stock again”. Don’t try to time the market, trust that the market will increase over the long term. You can hedge your risks buying into the market slower with “dollar cost averaging” tactics (Google it if needed), but historically “buy as early as possible” tends to beat “dollar cost averaging” vast majority of the time.
It’s worth thinking about. Something solid, not too hi Tec and possibly inflated like Amazon or Tesla, but not too outdated like coal mining.
Talking of mining though, maybe Trumps Ukrainian mining will go somewhere.
Yeah, if you could send me a message when the stocks sto falling, that’d be great, thank you.
Seriously though, as many others have pointed out, it’s impossible to know when they’ve actually stopped falling. It doesn’t matter as much if you’re investing for the long term, but don’t expect to make any quick money.
General advice if you know nothing is: put it in a World ETF, set up a savings plan, don’t look at it for the next 30y, done.
If you look at it, you will only make yourself unhappy – i started a savings plan last year. Thanks to Trump I am currently down roughly 15%. I am happy to not have too much in individual stocks, that would’ve been a lot more painful.
Listening to others is the first step to losing money btw. No one knows what happens, no one knows when it stops falling, no one knows when it starts going back up. If they do, please invite me to that whatsapp group, because I could just quit my job and be rich af.
Ken, you don’t know when it’s done falling, when you know, it’s too late to get the very bottom, just like you and predict the very top. If you could, chances are that thousands of people would age already been doing that.
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How will you know the stocks have finished falling?
IF you can determine when the stocks finish falling you’ll beaten the finest economists in the world. But yes, that is how rich people get richer during recessions, they buy the dip. It’s good advise if you don’t need the extra cash.
You’ll never know when stocks “finish falling”. The general advice is “buy mutual funds indexing the market instead of individual stocks, buy it as early as possible with any money you don’t need in the short term, never think about that stock again”. Don’t try to time the market, trust that the market will increase over the long term. You can hedge your risks buying into the market slower with “dollar cost averaging” tactics (Google it if needed), but historically “buy as early as possible” tends to beat “dollar cost averaging” vast majority of the time.
It’s worth thinking about. Something solid, not too hi Tec and possibly inflated like Amazon or Tesla, but not too outdated like coal mining.
Talking of mining though, maybe Trumps Ukrainian mining will go somewhere.
Yeah, if you could send me a message when the stocks sto falling, that’d be great, thank you.
Seriously though, as many others have pointed out, it’s impossible to know when they’ve actually stopped falling. It doesn’t matter as much if you’re investing for the long term, but don’t expect to make any quick money.
General advice if you know nothing is: put it in a World ETF, set up a savings plan, don’t look at it for the next 30y, done.
If you look at it, you will only make yourself unhappy – i started a savings plan last year. Thanks to Trump I am currently down roughly 15%. I am happy to not have too much in individual stocks, that would’ve been a lot more painful.
Listening to others is the first step to losing money btw. No one knows what happens, no one knows when it stops falling, no one knows when it starts going back up. If they do, please invite me to that whatsapp group, because I could just quit my job and be rich af.
Ken, you don’t know when it’s done falling, when you know, it’s too late to get the very bottom, just like you and predict the very top. If you could, chances are that thousands of people would age already been doing that.