Long story short I need opinions on whether this is smart or just reckless.
He’s had let’s say 5k in his investment ac since before this year (2024). Then throughout the initial 🥭 pump he didn’t invest anything. Valid since we pumped without any real knowing of what was to come.
Then during liberation day I’m screaming buy something we are at 2 year lows. He didn’t because he said it would go lower. Scared me out of full sending but whatever I made that decision and was happy I got a decent position down there. Then throughout all of this year I come to find out they still have the 5k sitting in cash NOT even getting any cash sweeps or apy%. I was very confused on this as he’s been into investing. (We both 20ish)
My confusion is this, is this smart or reckless. I feel it’s reckless because you just missed out on crazy gains in the hopes of a deeper crash, yet you could’ve bought anything and sold now and then been cash here. Idk maybe I’m trippin. Thanks for reading.
My buddy has been cash only during this market??
byu/crippledassassin instocks
Posted by crippledassassin
7 Comments
Cost benefit and answer it yourself.
Have they even beat Inflation
Well $5k means nothing.
So even if he made a mistake, it’s a non impactful mistake.
Moving forward, he needs to be invested in some type of risks asset
I’m waiting for the fed meeting to hopefully buy the shit out of dip.
Just don’t show him this sub – He’ll be in cash for the rest of his life
The President has said “Everything is Computer” and bro really chose cash. 😂
It all depends on when he needs the $5K.
In my opinion, it is reckless for long-term investments especially retirement accounts. Trying to time the market with money that you do not need in 10+ years is foolish.
It always feels as if the market will go lower when we are in the midst of a crash. I remember in March 2009 nearly all analysts and pundits were saying the market would continue lower, despite S&P 500 being down over 50%. It is in these times of despair that the best opportunities emerge.