Peter Lynch said never catch a falling knife. But “smart” advice says to always stay invested because most of the gains happen quickly at random times. So when you are in cash you miss most of the gains waiting to time the market. I don’t know how to reconcile both ideas. A third idea is dollar cost averaging as the stock drops.
My brother in-law went all cash months before the peak. I don’t know how he will know when to get back in.
I stayed fully invested into the peak and all the way down to here. I didn’t sell in 2008, and won’t sell here. Boy I felt great and smart and loving my president at the peak. Now I just want to ignore the balance.
GEOTUS gets it. The corona fever pitch is absolutely insane. It’s okay to talk about something non-corona. Lord these people are relentless.
Enjoy the ride my friend. When this subsides it’ll be like a forest after a fire, ripe for growth.
Peter Lynch said never catch a falling knife. But “smart” advice says to always stay invested because most of the gains happen quickly at random times. So when you are in cash you miss most of the gains waiting to time the market. I don’t know how to reconcile both ideas. A third idea is dollar cost averaging as the stock drops.
My brother in-law went all cash months before the peak. I don’t know how he will know when to get back in.
I stayed fully invested into the peak and all the way down to here. I didn’t sell in 2008, and won’t sell here. Boy I felt great and smart and loving my president at the peak. Now I just want to ignore the balance.