• oppy1984@lemm.ee
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      1 day ago

      Only if you need the funds short term, if you are a ways off from needing the funds then hold what you’ve got and start building a cash reserve to buy more shares when it’s low.

      • QuarkVsOdo@lemmy.world
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        6 hours ago

        I think setting a stoploss and then just stay in/ cash out automaticly is also completely viable (as long as your trading fees of cashing out and re-enter are well covered by total earnings so far)

        Taxes are another thing though.

      • LastYearsIrritant@sopuli.xyz
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        23 hours ago

        Time in market beats timing the market. You’re never going to now when stocks are “low”. You’re just as likely to wait JUST a little too long and then end up buying when it’s higher than it is now.

        If you have AVAILABLE cash now, that isn’t needed for an emergency fund, put it in the market now.

        If you want to hedge your bets a bit, then just invest a smaller amount every week to distribute the buying power in case the market keeps dropping.

        Trump could just announce that tariffs are dumb and he’s never doing another one tonight, and the market jumps in off hours trading. Or the market could bounce up for a couple days then crash. Or the market could stay down for the next 4 years.

        It’s impossible to predict when the “buy back in” period should start, so just don’t even try.

        • ubergeek@lemmy.today
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          20 hours ago

          You’re just as likely to wait JUST a little too long and then end up buying when it’s higher than it is now.

          I think you’re overestimating the performance of the stock market for the next 1-4 years.

            • SoftestSapphic@lemmy.world
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              17 hours ago

              There were a lot of people that knew this crash was going to happen.

              Pretending like there’s no way to know anything about the market and then dumping your hard earned money into it is such an insane Nhilist take.

            • ubergeek@lemmy.today
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              18 hours ago

              Well, we can be rather certain it’s not going up over the next month, wouldn’t you agree? Not unless somehow we can re-wind international politics.

        • nandeEbisu@lemmy.world
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          19 hours ago

          That being said, you also don’t know where the bottom will be, so slowly buying into a falling market should let you get a good amount of buys in close to the bottom.

        • oppy1984@lemm.ee
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          20 hours ago

          That is one way, and it is smart. For me I have a small amount of companies that I own and want to increase my stakes in those. The problem is they are all up at the moment. I’m waiting for a drop then I’ll start buying in.

      • bluewing@lemm.ee
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        1 day ago

        That’s what most people don’t get about investing-- there is money to be made in both market directions. The rich understand that.

        • oppy1984@lemm.ee
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          24 hours ago

          Yep, when I started investing about 20 years ago I read as much as I could, one thing that always stuck with me was a Warren Buffet quote “be fearful when others are greedy and to be greedy only when others are fearful”.

          That’s generally how I approach investing in stock and Bitcoin. There are exceptions of course, but that’s the general plan. This stock or whatever isn’t failing, it’s on sale.

          • rocket_dragon@lemmy.dbzer0.com
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            24 hours ago

            Wellllll, we’re heading into completely uncharted territory here. No Warren Buffet wisdom has any relevance, because no one has dismantled the US government like this before. And we’re only a month in. Extrapolate one month of damage over a 4-year term… we’ve experienced 2% of a Trump/Musk term.

            Yeah I would absolutely recommend selling everything now, it’s going to go much, MUCH lower. If you really want to play that game, wait until it’s all hit rock fucking bottom to buy again.

            • ChickenLadyLovesLife@lemmy.world
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              16 hours ago

              OTOH it’s likely that they’ll be trashing the value of the dollar at the same time they’re trashing the stock market. So being all cash might not be such a great plan, unless your cash is some other color than green.

              IMO they are trying to tank the whole world’s economy and leave the only true wealth in the form of land, manufacturing capacity and extractable resources like fossil fuels. So I would recommend selling your stocks and buying Saudi Arabia.

            • LastYearsIrritant@sopuli.xyz
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              23 hours ago

              Every dip is “uncharted territory”

              The COVID quarantine was uncharted.
              The 2008 financial crisis was uncharted.
              The 1999 tech bubble was uncharted.

              To the market, today’s just another Tuesday.

              • rocket_dragon@lemmy.dbzer0.com
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                22 hours ago

                So there’s a failsafe for these kinds of crises called “government”.

                What’s currently uncharted is that we are dismantling the failsafe.

                If you think any of those are in any way comparable to what’s happening now, you aren’t paying enough attention.

            • oppy1984@lemm.ee
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              23 hours ago

              To each their own, I’ll stick with my method and you can do yours. We’ll just have to wait and see who’s got the right idea in this uncharted landscape.

              I wish you the best of luck, not sarcastically either.