Someone gave me advice (as a newbie to investing) and said just save my cash and after the market crashes hard, buy buy buy for cheap cheap cheap and hold hold hold...what say you?
That advice is generally good advice for the normal cyclical up and down trend in the stock market.
My concern with the current goings on is the upward trend now is based not on the economy but purely on the huge inflationary pressure the federal reserve is creating. I think when this bubble finally pops it could finally be the nail in the coffin of our dollar.
If I had a lot of liquid cash I might look into physical safe havens of value. Physical silver that you actually receive would be an option. Guns don't generally lose value ever. Ammo doesn't either but current market is crazy.
I interpret the weakening US dollar as a sign that foreign and emerging markets will have better purchasing power and economic growth. This is why 20% of my portfolio is invested in related ETFs. I'm super bullish on the future of India, for example. Don't overlook Africa - remarkable GDP growth.
If you haven't yet entered the market, you can either try now, as the recent market correction means you can find some stocks at a bargain, or if your thesis about an upcoming crash is correct, wait for the crash. A big part of this is psychological, though. I have a co-worker who correctly predicted the March crash and sold his shares in February, however, he gold cold feet and didn't jump back in afterwords, missing incredible opportunities. People don't know when the market has reached its low point, and so they hesitate. If you want to time the market, remember that imperfect timing is better than not trying at all, especially if you can hold your funds in their for years. However, and overall, it's generally accepted that over the long-term "Time in the market beats timing the market". If you're interested in investing, do some research and give it a go.
Someone gave me advice (as a newbie to investing) and said just save my cash and after the market crashes hard, buy buy buy for cheap cheap cheap and hold hold hold...what say you?
And if shit hits the fan you can burn all that cash for heat.
I’ll make a nice blankie out of it. Hahaha
I'm far from an expert by any stretch.
That advice is generally good advice for the normal cyclical up and down trend in the stock market.
My concern with the current goings on is the upward trend now is based not on the economy but purely on the huge inflationary pressure the federal reserve is creating. I think when this bubble finally pops it could finally be the nail in the coffin of our dollar.
If I had a lot of liquid cash I might look into physical safe havens of value. Physical silver that you actually receive would be an option. Guns don't generally lose value ever. Ammo doesn't either but current market is crazy.
I interpret the weakening US dollar as a sign that foreign and emerging markets will have better purchasing power and economic growth. This is why 20% of my portfolio is invested in related ETFs. I'm super bullish on the future of India, for example. Don't overlook Africa - remarkable GDP growth.
I agree with you. Thanks for the tip!
If you haven't yet entered the market, you can either try now, as the recent market correction means you can find some stocks at a bargain, or if your thesis about an upcoming crash is correct, wait for the crash. A big part of this is psychological, though. I have a co-worker who correctly predicted the March crash and sold his shares in February, however, he gold cold feet and didn't jump back in afterwords, missing incredible opportunities. People don't know when the market has reached its low point, and so they hesitate. If you want to time the market, remember that imperfect timing is better than not trying at all, especially if you can hold your funds in their for years. However, and overall, it's generally accepted that over the long-term "Time in the market beats timing the market". If you're interested in investing, do some research and give it a go.