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Best financial advice you’ve received
If you have cash that you want to invest. Please consider Treasury Series I Savings Bond (Electronic). Interest is 7.12% right now. While it's not guaranteed that the 7.12% will remain until next year, it's still a good deal.
My SO and I just invested 20k (10k max per person even married).
https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm
Looks like stocks are back on sale
Any recommendations for RPA stocks?
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I have NEVER seen anyone jump off a roller coaster. Ever! Since they have those belts you can’t open mid air! There are no seat belts when it comes to stocks though! So not sure the analogy is valid
The only ones who maximize returns are those who see the ups and downs ; get off and then jump back in. If you don’t think there is a correction in progress ; ride it through and be average at best.
Lost principal is gone, it doesn’t come back. The reasonable approach is to predefine criteria to sell. It is always the right time to sell for somebody and if nobody sold, there’d be nothing to buy.