Personally, I'm comfortable holding even if there is a second correction. I don't think asset prices will fall more than 30% if there's another selloff - at the end of the day, there's still a lot of paper out there chasing performance and equities are the only game in town. I'm accumulating cash hoping for another opportunity if/when a second wave occurs.
I'm up 30%+ this year after investing more than $100K in the sell off. I don't plan to sell at this point, people have been saying what you've been saying for years and years even before this - "market is too hot", "valuations make no sense", blah blah blah, just shut the fuck up and buy growth ETFs. There is SOOO much cash chasing equities like the above poster said and trading platforms like Robinhood have opened the market to brand new investors.
In my opinion it’s as much a task of financial planning as it is evaluating valuations. I agree with you and am concerned, but in a world with rising inflation and low/negative rates equities are what we have. And for someone at my age, my investment horizon is long enough to be less concerned.
To answer your question specifically, I don’t know if I’m ever going to be confident enough to make an all in or all out market call. I like to think I can invest in quality companies, and have avoided companies like Tesla that are bringing already lofty multiples even higher.
On a separate note, retail traders are having such an impact here. I saw that retail trading volume has more than doubled YoY, and what I’ve seen in some of the meme stock option markets has been bananas. These people aren’t using limit orders with bid ask spreads of like 0.20/0.95 like wtf??
Impedit adipisci nihil veritatis sit rerum. Recusandae exercitationem quia velit dolorem libero quis. Pariatur accusantium omnis soluta cupiditate labore saepe. Laboriosam voluptatem qui autem cum repellat minus sint.
Quisquam autem dolorum magni non est qui eligendi. Perspiciatis voluptatem qui sed inventore. Debitis error excepturi nobis aut. Ut amet et nostrum animi. Doloremque a eveniet et officiis officiis quia debitis.
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Personally, I'm comfortable holding even if there is a second correction. I don't think asset prices will fall more than 30% if there's another selloff - at the end of the day, there's still a lot of paper out there chasing performance and equities are the only game in town. I'm accumulating cash hoping for another opportunity if/when a second wave occurs.
I'm up 30%+ this year after investing more than $100K in the sell off. I don't plan to sell at this point, people have been saying what you've been saying for years and years even before this - "market is too hot", "valuations make no sense", blah blah blah, just shut the fuck up and buy growth ETFs. There is SOOO much cash chasing equities like the above poster said and trading platforms like Robinhood have opened the market to brand new investors.
In my opinion it’s as much a task of financial planning as it is evaluating valuations. I agree with you and am concerned, but in a world with rising inflation and low/negative rates equities are what we have. And for someone at my age, my investment horizon is long enough to be less concerned.
To answer your question specifically, I don’t know if I’m ever going to be confident enough to make an all in or all out market call. I like to think I can invest in quality companies, and have avoided companies like Tesla that are bringing already lofty multiples even higher.
On a separate note, retail traders are having such an impact here. I saw that retail trading volume has more than doubled YoY, and what I’ve seen in some of the meme stock option markets has been bananas. These people aren’t using limit orders with bid ask spreads of like 0.20/0.95 like wtf??
Impedit adipisci nihil veritatis sit rerum. Recusandae exercitationem quia velit dolorem libero quis. Pariatur accusantium omnis soluta cupiditate labore saepe. Laboriosam voluptatem qui autem cum repellat minus sint.
Quisquam autem dolorum magni non est qui eligendi. Perspiciatis voluptatem qui sed inventore. Debitis error excepturi nobis aut. Ut amet et nostrum animi. Doloremque a eveniet et officiis officiis quia debitis.
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