Is it though? I’ve only very recently (last couple of years) reached a position in life where I could comfortably invest a small amount of money in the market. I’m actually kicking myself at the moment.
Less than a month ago, I was thinking about cashing out, but based on some advice I received and should have ignored, I left it alone. After all, I didn’t want to have to pay capital gains taxes. Now a short while later, things have dropped to the point where I’m just barely above the break even point … FROM TWO YEARS AGO. Meaning my current balance is almost exactly the same as the amount of money I have put into the account. I can only hope it doesn’t drop more.
I’m trying to stay strong. I know that selling the dip is not a great strategy. But at the same time, god motherfucking damn, excuse my French. The average person just cannot get ahead without a significant stroke of pure luck. And that sucks.
Respectfully, active investing (where you’re routinely making decisions about what to do) is a losing game for randos like us.
Passive investing (particularly with as emotional as you feel about it, which I understand!) is probably what you are after.
There is ~0 chance you (or I!) will make the active decisions well. Get some passive stuff going, it’s so boring you forget about it, which dovetails right into that investing philosophy tbh.
Stocks are the one thing people hate to buy on sale. This time might be different because the Russian agent is hell bent on ruining the country, but I am still buying. Index funds. Can’t beat the market unless you are a Congress person.
Is it though? I’ve only very recently (last couple of years) reached a position in life where I could comfortably invest a small amount of money in the market. I’m actually kicking myself at the moment.
Less than a month ago, I was thinking about cashing out, but based on some advice I received and should have ignored, I left it alone. After all, I didn’t want to have to pay capital gains taxes. Now a short while later, things have dropped to the point where I’m just barely above the break even point … FROM TWO YEARS AGO. Meaning my current balance is almost exactly the same as the amount of money I have put into the account. I can only hope it doesn’t drop more.
I’m trying to stay strong. I know that selling the dip is not a great strategy. But at the same time, god motherfucking damn, excuse my French. The average person just cannot get ahead without a significant stroke of pure luck. And that sucks.
Respectfully, active investing (where you’re routinely making decisions about what to do) is a losing game for randos like us.
Passive investing (particularly with as emotional as you feel about it, which I understand!) is probably what you are after.
There is ~0 chance you (or I!) will make the active decisions well. Get some passive stuff going, it’s so boring you forget about it, which dovetails right into that investing philosophy tbh.
Stocks are the one thing people hate to buy on sale. This time might be different because the Russian agent is hell bent on ruining the country, but I am still buying. Index funds. Can’t beat the market unless you are a Congress person.