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Joined 2 years ago
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Cake day: July 2nd, 2023

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  • Yeah, buying after the crash happens makes no sense. If you can somehow( for lack of a better phrase foresee )a crash happening, and then sell before the crash, then buy back in after the crash. That makes sense because then you’re selling high and buying low.

    But buying after the crash makes no sense because now you’re already down. I feel for you on that one


  • Yeah, that’s what I did with my 401(k) put into a money market. It’s been there for a while now and after I moved it, the markets have only dropped. Could it in theory come back before I have a chance to buy back in, yeah, that is possibility but at least I still have the money that I moved from the normal investments over to a money market account. At least I didn’t go negative on that.

    Even if I bought back in right this moment, I would still have saved the severe droppings of the last week and a half. Only is I don’t know if we’re still going down yet and how far. I do believe we are still going in the downward motion I think it’s coming back yet. Yeah it’s pretty much gambling on my money, but I honestly believe that this is the better option.


  • Had $120,000 at the start of the year. Had planned to pull at the beginning of the year, I didn’t. It dropped to $100,000 by early March of I remember correctly. I moved the money into a money market account after that. Where I had the money at has tanked quite a bit more after that. Not sure when I’ll get back in yet. Yes I realize it could recover before I get back in but so far I’ve made the right decision. S&P took major hits recently.