Thanks dozu888,you are a young dude with 30 years of investment ahead of you.... don't worry about this type of stuff... bear markets are GOOD for YOU because you get to accumulate for cheap!
like I said, worry about career development and earning power... and don't sweat on the small stuff.
Since 2009 the market has been growing up.What are your "predictions"?It is going to keep like that for another,let say 10 years?Or it is going to become a bear market?
Short answer is the bull market will stop some time in the future, no question if and or but about it. But if you follow @dozu888's strategy, it really doesn't matter: Time in the market is more important than timing the market. We can all practice time in the market but few are good at timing the market.you are a young dude with 30 years of investment ahead of you.... don't worry about this type of stuff... bear markets are GOOD for YOU because you get to accumulate for cheap!
like I said, worry about career development and earning power... and don't sweat on the small stuff.
Since 2009 the market has been growing up.What are your "predictions"?It is going to keep like that for another,let say 10 years?Or it is going to become a bear market?
@Handle123, most of us don't put all our money in at once and then wait 20 years to cash out. Us retails put money into our investment funds, 401K, IRA regularly every month, every year. If you do a running window analysis for the last 100 years, I bet you will find no case where you would go bankrupt if you invest the way I described, for every 20 years period.It really is a matter of timeframe you are trading. Selloffs happen fast, problems are people are greedy by nature and lack of knowledge at extremes they have most shares and buying on margin, so they lose more.
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Thank you for the advice!Thanks dozu888,
You are right. OP listen to him.
Take my advice man. Start investing in Vanguard SP 500 index monthly when you get paid. You will thank me 20 to 30 years from now.
That's pretty much all I can say.
Stop worry about Trump and bear market.
I'm a black man, and belive me when I say I don't give a 2 shits what Trump talking about, and certainly didn't give 3 shits what Obama was talking about. So what does that tell you. Both means nothing to me and I don't care what they say.
Keep your mind on your money man. Start average investing now. Get a job that pay a lot of money, side income trading.
Thank you for the advice!Short answer is the bull market will stop some time in the future, no question if and or but about it. But if you follow @dozu888's strategy, it really doesn't matter: Time in the market is more important than timing the market. We can all practice time in the market but few are good at timing the market.
https://www.schwab.com/resource-center/insights/content/does-market-timing-work
In the market all the time, start early, keep your day job and live below your means. You invest most of your saving and use only a small % (~10%-20%) of your saving to practice trading instead of buying a fancy car.
One day in the not too distant future, you wake up and realize you no longer need your day job. You now have financial freedom and can do whatever you want. You then become a full time trading!
Follow @trader99's journey and see this strategy unfolds.