Nice. This is a solid investment strategy. Here are a few thoughts:
You avoid panic buying and selling this way. Kudos. Don't change.
You avoid the temptations of standard day trading. Also smart.
The markets represent way WAAAAYY too much profit opportunity for large players. So the stock market will be around for at least a few more generations. New rules? Sure. Prolonged contraction/correction? Sure. But it will be there in 20-30 years as most of us enter retirement age.
MOST IMPORTANT INVESTMENT ADVICE I EVER RECEIVED:
Have an exit strategy. BEFORE I buy anything, I determine my goals. What am I looking to get out of this? Double my money? Grow by 10%? Whatever it is, have a plan in place. Simply saying "Hold until retirement" is NOT a strategy because what if the markets are down? Then you broke rule #1 which is buy low sell high.
Have a plan.Read More
@TiberiusBravo87 Have you looked at how it is calculated? Core inflation excludes food and gas and is around 5-6%. Rent is up 25% for example at least as it is calculated. If you factor in food and energy then it’s 8-9%. This means that food and gas are way higher as they raise the average by that much.
@slutmagazine Can't add the "should" part of that sentence when statistics are fudged. That is a base fact. They keep saying inflation is 8% or some estimating as high as 11% yet my food costs much more than 11% higher. My fuel costs are now more than double than when Biden stole the 2020 election. The stats are all bullshit so of course nonsensical things like futures dropping when they shouldn't be will happen.