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Are we buying ETH right now?
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If you are certain that you aren't ready to put that cash in the market at least do a bank bonus or CD rather than letting it sit at <2%. You should be able to find something that gives you 3-8% apy for your deposit over a 3-9 month span if you look closely enough. Then put any excess in the market anyway.
CA credit union has a 5% 5 mo CD, Citi has a $400 bonus for 15k deposit held 60 days, etc.
You have to maintain an excel sheet with bonus details and minimum requirements. It’s a bit of a pain but worth it. In the last 4 months, I have received bonuses from Chase, Wells Fargo, BB&T, and awaiting from TD bank. Most of them have direct deposit requirements too if you want to avail that. Visit /r/churning and doctorofcredit too.
I had the same thought, and then the stock I was looking at buying jumped over 10% last month. If you’re buying and planning to hold it long term, then just buy it now.
Fair
Seems like you got it all figured out, spend that cash on SPY puts and collect your free money.
OP you will get wallstreetbets kind of comment of all investment forums. Just ignore and move on.
In general, time “in” the market beats timing the market. If you don’t need the money for at least 5-10 years out, I’d invest in the market now and not sit on cash.
Makes sense
What data is supporting it? Serious question. To my knowledge, the market just hit a new all time high today and the housing report was better than expectations.
I’ve been observing things like the yield on the 10-year Treasury note earlier this year fell at a breakneck speed from 2.75% to 1.6% over six months. The steepening or the curve has historically been a precursor to a recession.The economic expansion in the second q was only 2%.
Earnings growth estimates have come down drastically this year. Last December, analysts estimated S&P 500 earnings growth for the year would be around 7.6%, according to FactSet. That number is now around 2.3%.
I know none of these are a surefire indicator but together they’re not that encouraging.
Timing the market is the worst decision you can make.
It’s not about TIMING THE MARKET. It’s about TIME IN THE MARKET. Get in early as possible and ride it out.
If OP is really that good at reading the market, he/she would be leading a hedge fund racking in billions instead of working for Deloitte.
Thank you newCo1. Sorry about sharing my opinion and asking a question.
I’ve presented some data above. Care to take a read and share your slightly more productive thoughts?
While you’re waiting for the market to drop, the market can make gains that the drop won’t reach back down to. Analysis paralysis
Comments like these are pretty funny. I remember around this time last year, the markets took a massive dive and everyone on here was convinced that the recession was finally here. We had a new post every day where people asked if they should "wait for the crash" before investing anything.
Then 2019 came and the bull run resumed. If you stayed out of the market because of the correction in late 2018 till today, you would have missed out on a 25 percent return ytd. All this is to say, if you are decades away from retirement, STOP FOCUSING ON THE SHORT TERM. Pick a well diversified strategy, set your contributions on auto pilot, and stop looking at the markets. If you do this early and invest consistently, you're virtually guaranteed to be a multi millionaire by the time you retire.
^ditto