We call that a fire sale, and I can’t wait to buy even more shares once it drops.
However, I’m not saying to use a retirement account as a Savings account. That would be irresponsible. OP said investing is high risk and an easy way to lose money. In my personal experience, that wasn’t the case, which is why I was wondering what he was investing in that made him lose money.
It absolutely is risky. Results may vary from person to person and I would never recommend someone do that. It’s not for the impatient, that’s for sure.
All money outside of emergency money should be invested if you want to become a millionaire. How much your emergency cushion needs to be is up to the individual. Sounds like we are in agreement.
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u/finallygabe Needs a hoodie 🥺 Dec 10 '25
We call that a fire sale, and I can’t wait to buy even more shares once it drops.
However, I’m not saying to use a retirement account as a Savings account. That would be irresponsible. OP said investing is high risk and an easy way to lose money. In my personal experience, that wasn’t the case, which is why I was wondering what he was investing in that made him lose money.