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SCRUBS FREETRADERS - so if you did what I suggested, you're sitting on huge profits right now. The S&P is flirting with all time highs, as is the Nasdaq100 Year to date, they're both about 20% up) - it's been a few year party for index funds. But a correction is on the cards, and historically August is a weird month for the markets. Personally, I'd quite like the indexes to go down, so I can grab some more at bargain prices, continue to Dollar Cost Average what I can afford at the end of each month, and stick to my 10 - 15 year plan to realise more profits so my Mrs can survive when I'm brown bread. But it's not an easy thing to do, watch all your gains go into the red, and it might be time for you to say, "You know what, I'm cashing this in", or "I'm going to take half out, and sit on the rest". The problem with the latter, is you'll have to watch the markets continue to grow over the next ten years, and think, "Balls, I should have just kept DCAing" If you've got something to do with the cash, then it makes sense. But if you're taking it out to put it in the bank. Hmmm. Long term index investing is all about temperament, and not getting emotionally involved with market volatility. But because we've just had a great run, you can't just do nothing. It's the worst of all strategies. Do your Due Diligence, (read about long term investing, and plans. YouTubers are fun, but they tend to just be adverts for their courses at the end of the day), I'm not a professional financial advisor; this is for entertainment purposes only. Investing is gambling, and you can lose all of your money.
Forwarded from No Chance
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2025/10/24 11:30:43
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