So it is clear that Corona won’t have any impact on the stock market. Facebook rose 40% in a month and so are other big tech companies. I lost money, sold, then didnt buy anything for the last 2 months thinking it will drop. But since earnings are pretty good, I think it is safe to say stocks will go up until next quarter at least. What to do now?
Ask Blinders
10h
899
Why don’t India and Pakistan like each other? I am white and don’t understand
Tech Industry
Yesterday
2551
Tech is dead. Choose a different career
India
3h
292
When will India get a true secular party?
AMA
Yesterday
5050
Cheated on husband
Tech Industry
Yesterday
1957
Amazon ruined my mental health
I feel you. Right now with the feds propping up the market, it’s just a race to maintain the bubble. We are all betting the virus to go away “soon”. If the virus is still here and SIP still in place by July, the bubble could burst harder than the one in 08. Just my take here.
SIP is already being lifted
The whole country has to be corona free. People will travel across state so if one state fucks thing up, we are back in quarantine again. Until we have proven there’s no second wave, it’s hard to see an end to this shit lol.
Now it is FOMO buying time
Something something Time in the market beats timing the market
Finally a wise man on this app
Assuming growth keeps up. Who knows, maybe this is the start of stagnation for the US
no drug or vaccine yet. be patient you have plenty of time fishing the bottom.
Buy TSLA, CMG, NFLX, FB, APPL, GOOG, AMZN....all these companies would increase by 6000% by this summer, because.... It’s naive to think that stock market would react negatively just because the average person is unemployed and can’t put food on the table. I mean who gives a damn, right?
Are you nuts? 6,000%? WTF?
Hmmm. Do you understand sarcasm?
All depends on your risk. It can crash again in a few months and you will have loss even more.
It can crash again, you would be glad you didn’t sell at the bottom
These suggestions are the very reason NOT to try to time the market...... especially after a big drop (unless you are retiring soon or will definitely need cash soon)....you never know when to buy back after you sell and you would have to be a fortune teller or lucky to know to get out right before big drops. That said, maybe you should slowly dollar cost average back in over the next six months or so..........
Your biggest lesson from this is don’t take advice from Blind. People venture here, throw a guess in the wind and there does your investment. Your best bet was to hold and keep adding any extra income to more holdings to bring your average cost down. Anyone who says otherwise is still guessing.
+1 as unaffected as I wanted to be, some ultra aggressive posts about stocks crashing ahead influenced my decision making into selling stocks.
Tell him not take advice on Blind then advice him to hold and keep buying 🙄
Wait for the next crash. It’s all hope driven markets at the moment expecting some miracle recovery in time for the elections.
Next crash is in 10 years?
Just wait 3-5 months. You’re waiting for the horrid Q3 data which isn’t priced in.