Quote:
Originally Posted by ThaVirus
Even if you expect a big dump (50%+) in just a few months?
I guess if you're 20 you've got another 40 years for the market to rebound and compound interest, but would it be better for someone on the older side to ride it out for another 6-9 months before dumping in a boatload of cash?
|
I would tend to agree with Lew that dollar cost averaging is the way to go. None of us really knows what will happen. If we get good news about vaccines and the second wave is small, then the markets will climb from here. So if you put in a little at a time with consistency, you'll manage both downside risk and upside risk.
I love the fact that trades are free now on the brokerages. I can buy $100 of stock at a time now without worrying about fees eating my profits.