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The Water Cooler
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<blockquote data-quote="CoronaBorealis" data-source="post: 3868686" data-attributes="member: 43847"><p>But timing the market is exactly what you’re trying to do. </p><p></p><p>No one “loses” anything until they’ve cashed out. If you buy 10 shares at $10ea, you are in for $100. If the Market drops to $5/share, you still own 10 shares — you haven’t lost anything. You only lose the $50 if you sell at $5/share. I’m 40 this year and pouring more money into my 401k/IRAs than I ever have. </p><p></p><p>My investments are straight SP500 index funds. Nothing fancy. I have a co-worker who was invested pretty heavily into crypto. I kept asking him to explain how that was a viable investment, and I never got an answer I was satisfied with. He lost his shorts. Crypto is nothing but a pyramid scheme. I won’t tell him “I told you so”. </p><p></p><p>Don’t look, keep saving, and don’t try to time the market. Slow and steady wins the race.</p></blockquote><p></p>
[QUOTE="CoronaBorealis, post: 3868686, member: 43847"] But timing the market is exactly what you’re trying to do. No one “loses” anything until they’ve cashed out. If you buy 10 shares at $10ea, you are in for $100. If the Market drops to $5/share, you still own 10 shares — you haven’t lost anything. You only lose the $50 if you sell at $5/share. I’m 40 this year and pouring more money into my 401k/IRAs than I ever have. My investments are straight SP500 index funds. Nothing fancy. I have a co-worker who was invested pretty heavily into crypto. I kept asking him to explain how that was a viable investment, and I never got an answer I was satisfied with. He lost his shorts. Crypto is nothing but a pyramid scheme. I won’t tell him “I told you so”. Don’t look, keep saving, and don’t try to time the market. Slow and steady wins the race. [/QUOTE]
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