Then the million dollar question would be, "When is the right time to enter?"
Perhaps like the youtube post above mention one of the possible option is to wait until the Fed's stance changes or at least rumors of Fed stance changes then only enter the market again.
This is also another method. But that time market could end up rally a lot.
This is also another method. But that time market could end up rally a lot.
I think wait for Fed to finally announce no more hike rates then enter is better. As for rally a lot when enter cannot be helped. If insist want to stay in market to avoid miss out the rally, I read some ppl use the percentage drop to top up a little. Say for every 10% or 20% drop top up a little regardless of the hike rate announcement. But this percentage drop can be deeper and deeper so also not safe for me as no one know the lowest bottom.
So reflecting back on the Covid market dump in March 2020, what do you guys do then?
Wasn't investing back then, so i have 0 experience how to deal with market downfall.... only learnt DCA after i started few months back.... will continue to do so.
We shouldn't based on historical chart, but as of now we don't even know where is the bottom. the chart won't be clear until few months of uptrend?
i'm a charts-lowIQ fler + my crystal balls were ripped-off (MORTAL KOMBAT!!! Fatality...) , thus i can't see the future, just can see the now and IF THEN ELSE planned
i buy based on Trigger: my asset allocation now VS planned - ie. the changes AND What: assets of value to me - either for growth or cash flow
This post has been edited by wongmunkeong: Jun 21 2022, 10:43 AM
We shouldn't based on historical chart, but as of now we don't even know where is the bottom. the chart won't be clear until few months of uptrend?
For me charts are secondary..
Back in March 2020, more important was when governments all over the world started dropping interest rates and pumping trillions. That was a sign to go in.
To be frank, it wasn't such an easy decision at that time and there were many doubters.
Back in March 2020, more important was when governments all over the world started dropping interest rates and pumping trillions. That was a sign to go in.
To be frank, it wasn't such an easy decision at that time and there were many doubters.
As of today, so we will never know what comes after..... who know it skyrocket or it crash landing the next day. But really in limbo. got extra $$ just DCA. SPY still not at 2020 level yet.
As of today, so we will never know what comes after..... who know it skyrocket or it crash landing the next day. But really in limbo. got extra $$ just DCA. SPY still not at 2020 level yet.
Wahh.... using DCA left, right and center. Why cannot call it as it is meh? Average Down sounds terrible eh? and please if possible, show the math when Average Down la...
every time fall, buy same quantity as per initial purchase? or buy double the quantity?
DCA = Dollar Cost Averaging lah
Average Down so many letters.. DCA just need write 3 letters LOL
yesterday market green a bit.. later mana tau drop back to square 1 or drop even more
This post has been edited by Davidtcf: Jun 21 2022, 03:54 PM