As the title says. Im still new to this. Just past few years. If the stuff in Iran wasnt happening I would still be pretty confident dca im to what I have been already. Prices are down to about what they were in September. But Im not sure how this would really go if this war stretches on and wondering should I hold out or just stay the course
Posted by wideguy12
5 Comments
My first time too. 401k is in money market. IRA I’m buying and selling UCO calls. Holding SH stock. Plan to buy silver call options when oil breaks 150
DCA slowly (many may not agree, but it is your money and your risk) with VOO, read “**Bogleheads guide to investing**”
Have you tried zooming out the charts? Does it go straight up?
Obviously nobody of us knows the future, but if past wars are any indication the global market is likely to get on just fine in the long run.
However, depending on your personal circumstances and on how this nonsense proceeds, it is possible that you – or I, or anybody else – might find yourself in need of money earlier than expected: knowing that in twenty years the market is likely to be up isn’t much of a consolation if you lost your job and prices are up and you have to sell your shares at a loss today.
This really depends on your own situation; but speaking in general, I think that this is an excellent time to consider carefully whether your emergency fund is *really* enough for your needs…
This isn’t even a big drop and when it does drop, it won’t even be the only one you’ll experience. You will go through lots of these in your lifetime. Go read all the previous posts when the market dropped bigly and see in hindsight how easy it is for people to freak out like you’re doing now.