Quote:
Originally Posted by G1911
I'd agree if it's predicting recessions, but we are already in it. I have no idea when the next one will be, but I'd gamble on buying commodity items a bit later; recessions don't tend to fix right away.
The one guarantee is that any stock I buy will drop a couple points lower the next day after I try to time the bottom  . This is why I don't have the stomach for day trading. When times are bad, I buy. When times are good, I hold and wait for the next big dip to buy more. |
After reading Eugene Fama and Bogle's book and one other whose name I forget, I became more and more convinced that investing a lot in individual stocks was problematic without inside information, and trying to time them even worse. I ignored my own advice not that long ago because I loved NVDA but geez it's been a disaster, and I don't want to keep buying the dip.
__________________
Four phrases I nave coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 08-20-2022 at 11:24 PM.
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