Stocks dropped as the selling pressures that dragged Wall Street last week persisted, while investors braced for a slew of economic data reports this week.
That’s why I said “for now”. I was mulling buying in after the election when corporate interests were riding high on a “pro business” President. But I didn’t. Now I have that cash free to buy in when we hit the bottom of the slump, if there is a bottom…
There have been studies showing that just dollar cost averaging is a better strategy then trying to time the market using market sentiment for long term gains.
That’s why I said “for now”. I was mulling buying in after the election when corporate interests were riding high on a “pro business” President. But I didn’t. Now I have that cash free to buy in when we hit the bottom of the slump, if there is a bottom…
There have been studies showing that just dollar cost averaging is a better strategy then trying to time the market using market sentiment for long term gains.
There might not be a bottom? Damn.