Hypothetical situation: Due to several triggers, next Monday morning all the major stock markets tank ~20% by noon EST. Down 5% more by market close. (For whatever reason you are unable to take any action before EOD) "Several triggers" = some bad combination of events of both geopolitical (uncertain future), and institutional (ex American bank collapse), which results in several secondary system failures. You set your alarm for Tuesday morning 8:45 EST. What do you do? (News @ 8am shows no new developments)
It would depend on the event. If there is a systemic bank collapse, then the markets won’t be functioning.
The correct answer isnt a selection. Keep dollar cost averaging into the market.
Not sure if you would do that right before a 2008 event though. You could make a lot more by waiting a few extra months and waiting for good stocks to sell at a discount, and then just buy and forget for the next 10 years.
Since I don't know enough to time the market, I dollar cost average in.
HODL
🌭✊
Not possible, even in theory. Markets have plunge protection short circuits. The markets will close well before the market drops that much.
Everyone who says buy either 1) has far too much money sitting in cash, or 2) is stupid. Here’s why... You shouldn’t have anymore more than an emergency fund and maybe once months spending in cash, and you shouldn’t spend your emergency fund on stocks immediately after a collapse.
Says the debt finance company. People should have as much cash as they feel comfortable with.
That would still make them stupid financially speaking. They would almost certainly time the market poorly, lose a ton of money, and become socialist. It’s already happening all over California.
If wallstreetbets taught you anything, BTFD.
No, reddit wsb taught me one thing only. Which is yolo420, trade out of the money options expiring next week till rich or die trying
🇹🇼🇭🇰
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸 Only!
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