Opportunity awaits only for the market timers who sold high to raise the cash needed for the "opportunity" to reinvest at lower, maybe much lower prices.
I consider myself a buy-and-hold investor, but I always have some extra funds waiting for market dips. Has worked well for me.
Wouldn't you have put those extra funds to work on some previous dip? How much of a dip is enough to deploy any extra funds? Did you take advantage of the "opportunity" two weeks ago? Did you take advantage of the "opportunity" today, now that "the market" is in "correction territory" from the market top?
I don't deploy all of my savings directly to investments with each paycheck. And yes, I actually bought some yesterday and today, thanks for asking. Will my guess be right? Who knows, but I'm generally happy when putting in a little extra on local lows.
So you are a buy-and-hold investor with a little market timing on the side?
Sort of, but since I am in accumulation mode, I don't try to sell on the local highs so that is why I consider myself mostly a buy-and-hold investor. So basically just try a little market timing on the dips only. My idea of a market timer is someone who tries to time the market on both sells and buys.
I don't know where an absolute bottom will be but I just buy on larger dips. I feel like there will be more dips coming, hence the "opportunity awaits" comment. Of course, I could be wrong, who knows? Not very confusing to me, at least.
Warren Buffett has cautioned against stockpiling cash, gold, or bitcoin in times of war - and declared stocks are the safest long-term play
The billionaire investor said he'd buy stocks even if World War III were coming, and noted the value of money typically falls during conflicts.markets.businessinsider.com
Kurt
He could be, but how many people do you know that have gotten rich going against Warren's advice?
