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Comment by paxy

Timing the market is a bad idea no matter how sensible your reasoning sounds.

There could be a 15% market dip tomorrow and your investments would still be positive from a year ago.

There could be a 30% dip (among the top 5-7 market crashes in history) and you'd be set back less than 2 years.

Everything being said about the economy today was also true last year and the year before that, but holding was still the best decision. Unless you are retiring in the short term (in which case you shouldn't be so deep in the stock market anyways) panic selling is always a terrible move.

parent paxy 15 days ago

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