Definitely for me and I’m guessing for more than 50 percent of the people in tech. Exciting times, don’t you think?
Wrong. Accumulate cash and buy index when everything is low 😀
While you are at it, go and buy tomorrow’s winning lottery ticket too 😀
I switched to cash before the drop. Is not even timing the market when you notice volatility is high so you just consciously reduce your exposure to stocks.
just holiday season drop. no recession.
Ah, yes! A typical 20-percent Christmas drop.
We should all just chill the fuck out, the December drop is a regular occurrence (every 90 or so years).
So over half of us are under 20 years old?
If you turned 18 after 2008 I would say this is going to be your first.
So you were unaware of recessions because you weren’t 18? Sheltered much?
It’s going to be hard to invest in anything once you’re RIF’d and can’t get work. Recessions will hit the hogs hardest.
Also I have a feeling tourism might not be the best place to be, which is unfortunate for me.
Yeah actually heard an interesting stat. Apparently a good way to spot a recession is when tourism drops since it’s the first category of discretionary spending to go. Hopefully no recession and just a market correction.
when is the last time a recession happened in the netherlands? tulip craze?
So you’re admitting to be 9 year olds? Sounds about right.
If I’m still employed during the recession I’ll get rich $$$; but if I lose my job I won’t benefit from the on sale stocks.
I’m an old timer. My first recession was the dot com bubble. Right before the bubble bursted the interest rates on CDs were like 6%. I still remember a very shrewd coworker pulled out all his money from the stock market and put them all in CDs. After the stock market hit bottom, job market also hit bottom, followed by the housing market. He cashed out his CDs and bought a bunch of properties. He made out very well and retired early. Meanwhile the company we worked for folded. All our stock options were worthless. Many folks could not find tech jobs again ever. He’s the only one who did well.
CDs as in credit default swap?
Certificates of Deposit
Over half because 50% new to US?
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If u buy index funds over the long term it doesn't matter. Dont go full autistic on stocks. Time on the market beats timing the market everytime.
Not sure about this one. The Japanese mkt imploded in the 80s and to be honest their economy never really recovered. If you invested back then, well, erm...
Exactly, people who think it all will come back soon, should look at Japan index