Quote:
Originally Posted by oil pan 4
You should already be back in the market like a week ago.
I put my work 401k back into large cap and it's only been down 1 day since then and already up 3%.
Probably keep it there till july or August.
May is usually not a great month for the stock market, but anything can happen this year.
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Yeah, I know very little about the stock market and have no great insight into market timing. My hunch is that we are on a dead cat bounce and that things will tank again once we hit the 2nd and 3rd wave of shelter in place orders, and people realize their job loss is permanent.
Maybe I'll buy in now, ride the bounce, and try to time the fall... which I predict will be this fall.
A group of friends have made an investment game where we all take $100 and invest it. At the end of the investment period, whoever has the most profit wins the right to buy the losers a round of Scotch.
I had no interest in stock market investing until I realized the DOW had lost 1/3 of it's value in a month. Nice to jump in when you can get a discount like that. I do want to take long positions though.