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Dollar cost average or bust, baby
This is the way
Chief
As compared to….?
times when we are not at war. Recently started investing so still very risk adverse/ want to be more confident so just holding onto cash
C1, what's your market outlook?
If you pause investing now, write down specific dates/ events when you'll restart.
....i spent my 20s overweight in cash due to following doomers like Jeremy Grantham (predicting tops and crashes that never came)
Better that than no cash imho
Yes, business as usual.
Chief
Yes, of course. It’s not even a thought.
Straight from paycheck into the stonks
Rising Star
Since you’re pretty new to investing, when stock prices drop, that is often a great time to buy because there’s more potential for growth in the short-, mid-, and long-term.
If you hold the investment until the price recovers, you still have potential for gains. The reason it would not be a great time to buy would be if you don’t have enough liquidity (cash) without having to sell investments. When prices are down, you only “lose money” if you sell for less than you paid.
You don’t want to be in a position where you bought at a higher price, then need access to the money and are forced to sell investments at a loss.
With that being said, the most important lesson you can take away from this thread is this: No one on Fishbowl is your financial advisor, so if you want advice specific to your situation, you should consult with a financial advisor who acts as a fiduciary and is legally obligated to do or recommend what is best for your specific financial situation.