Correction in progress!
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Alex, as you are young and still in the accumulation stage, I would have thought you would be happy for a bigger correction so you are buying at cheaper prices?
A short sharp drop sounds a great time to top up. But in practice, most investors young or old do not have a couple of years salary on hand waiting to pile in during a couple of years of crash.
Those in the accumulation phase will likely have substantial new money becoming available to them over the next decade or two (in the context of their current total wealth) but do not necessarily have all that money available to them right now if there were to be a two year sale starting next week. I would be just as happy with a flat and mostly stable rise from here over the next decade allowing me to deploy my earnings at ok-ish prices, instead of a bust then boom which benefits only those who are cash-rich now and don't find themselves out of a job in the ensuing recession.0 -
Alex, as you are young and still in the accumulation stage, I would have thought you would be happy for a bigger correction so you are buying at cheaper prices?
Not really I am a funny one and my mindset doesn't match my age. I have been working with people winding down to retirement for too many years and the way of thinking has rubbed off.
Alex0 -
If there could be a correction just after my March bonus that would be great :-P0
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April 6th would be a good drop for me0
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Another roller coaster day especially with the inflation figures at 1.30pm in the US. Dow has had a 900 point round trip and still finished higher.
Anyway have a look at my bottom..:)
https://fat-pitch.blogspot.co.uk/2018/02/after-10-drop-will-equities-v-bounce-or.html
A look at stocks and bonds..
https://pensionpartners.com/when-stocks-and-bonds-go-down-together/0 -
Could be going back into correction mode. Worries over rates and bonds.
https://www.cnbc.com/2018/02/21/pimco-on-higher-us-treasury-supply-bond-yields-stock-markets.html
https://www.marketwatch.com/story/dow-futures-inch-lower-as-investors-brace-for-fed-minutes-2018-02-210
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