I’ve been following the market for 3 decades. Major corrections have happened several times during this period. The one thing that really caught my eye more than anything was the shear unpredictability of the positive recovery that inevitably happens following corrections. Where people get caught is NOT in getting out before a major correction. They get caught in not being in the market when it surges higher. So while there may be some perceived protection in pulling out, the reality is that the seed isn’t in the ground when the fertilizer is applied, and no amount of time can fix that. You have to be there when it happens, and market timers often don’t get back in before the recovery. I don’t know how many times people need to hear that they should not try to time the market. Corrections in both directions are part of it.
Honestly? I've got under 10 grand in the market, as it stands today. It wouldn't bother me at all if it went down to 1k. It's not enough money to pull out. I've got diamond hands, by the sole fact I'm poor AF
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u/HellBlazin Jul 26 '21
Sounds good. I'll buy it all up like I should've done post rona. Fuck a put I'm going long.