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SVTPerformance's Chain of Restaurants
Road Side Pub
Dow is Down 900+ points Today 2/24/2020
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<blockquote data-quote="Mackie" data-source="post: 16377059" data-attributes="member: 4738"><p>Trying to time the 'low', when the markets are <em><strong>ALREADY</strong></em> in correction???</p><p></p><p>The markets recover 100% of the time historically. Adding now (outside your 401K,which you should already be adding to monthly), with <u>whatever you're comfortable with</u>, is a smart move. This is not 2008. Quit watching the Big Short. There is no get rich quick for 99% It's get rich over 30 years. And index funds are the 'safer' bet.</p><p></p><p>Adding a lump now, <u>with money you may need in the short term</u>, is a dumb move.</p><p></p><p>So no - you WON'T be able to time the low, just like you WON'T be able get out before the NEXT correction - and you don't need to.</p></blockquote><p></p>
[QUOTE="Mackie, post: 16377059, member: 4738"] Trying to time the 'low', when the markets are [i][b]ALREADY[/b][/i] in correction??? The markets recover 100% of the time historically. Adding now (outside your 401K,which you should already be adding to monthly), with [U]whatever you're comfortable with[/U], is a smart move. This is not 2008. Quit watching the Big Short. There is no get rich quick for 99% It's get rich over 30 years. And index funds are the 'safer' bet. Adding a lump now, [U]with money you may need in the short term[/U], is a dumb move. So no - you WON'T be able to time the low, just like you WON'T be able get out before the NEXT correction - and you don't need to. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Dow is Down 900+ points Today 2/24/2020
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