patrick.net

My magic market crystal ball says the present downside will look like upside by December. Of course, survivors will be eating cricket paste they can only get if they are chipped, vax poisoned and barcoded.

If I had 100K cash fall into my lap I’d dollar cost average it into a diversified portfolio that is properly balanced based on my age and goals into a mix of stock and bond etfs.

If the money was already invested in my Roth and I was at this point starting to panic I’d walk away and not check it for a year. Now is the worst time to make changes. Either you go more risky or more conservative. You go risky right now, with so much uncertainty, you could lose even more. Go conservative, you lock in your losses. Best thing is to do nothing, and then re-eval your risk tolerance the next time the market is up.

Personally I started buying again. Not because I think I know what the market will do, but because I'm more of a long term buy and hold broad etf investor and think current prices are probably decent. I wouldnt be surprised if it goes down further though, but I also thought the market would keep tanking during covid, and instead it shot back up like a rocket. I think many missed the boat and didn't buy near the bottom because they awaited further declines that never materialized.

Its time to buy. I did buy some. Hoping for the market to go down so that I can buy more for the long term.