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It’s starting to feel like I’m just burning my money at this point. I’m thinking of pausing my bi-weekly deposits until the market becomes more stable but curious to hear what more experienced folks are doing. TC: 🥜
Define "more stable". After stocks have gone back up and it's more expensive to buy them? Buying into a crashing market is frustrating but also a rare opportunity to buy low.
OP likes to buy high and sell low
Amazon assumed we have more upside than downside.
No timing the market
Time in the market > timing the market
Meta HODL for 5 years and 3% returns…. Time in the market isn’t always a sure shot for success.
It depends. If you are in your 50s it may make sense to put more in bonds now but keep investing bi-weekly. If not, stay the course. If you put money into the market the day before the crash in 1930s, in 20 years you would have still made a great return. On the 20 year time horizon all that’s happening is you are buying at a discount
That’s the hope, doesn’t always work out though
@cap1 it’s literally always worked out over 20 year time periods. Doesn’t mean it always will but it’s a great bet to make. Example: you could have put 50k into the SP500 at the peak of 2008 prices and that would be worth over 100k today, even after 3 massive drops in 2008, 2020, and 2022.
Always. As long as I’m working the money goes in regularly and has for 10+ years.
NW? TC?
Oh I’m just a poor midwesterner who was making peanuts for a while. 270K and down to about 800k with this years pullback.
The best time to put in.
that's what she said
Now is a great time to increase your contributions if you can afford it. You are getting assets at a discount
I increase my contributions during downturns if I haven’t already maxed my accounts out
You aren’t getting anything at a discount
I stopped putting money in. Buy high sell low I always say
This is the way
Why wouldn’t you? Most of us I assume are decades away from retirement, it lowers your taxable income, and assets are the cheapest they’ve been in years right now.
Put into cash fund. Then move to stock fund when ready
Only do this if you don’t already have a safety net. Parking money in cash is a dumb thing to do right now unless you think you’ll need it in the next couple years.
I’m too poor to put any money in the market.
TC at C1?
If I can put money into the markets on a SF salary, you can put money into the market on a C1 salary.