The huge swings rocking Wall Street and the global economy may feel far from normal. But, for investing at least, drops of this size have happened often throughout history.
  • inclementimmigrant@lemmy.world
    6·
    7 hours ago

    This is no different from 2008.

    If you didn’t sell, don’t do shit now, it’s too late.

    If you’re young, now the time to increase your 401k contributions or take take your federal refund and invest in a good index funds in your IRA.

    Of you’re old, well sorry but your generation once again FA and you’re in FO territory. Hope you have good relations with your kids too help you through while things slowly stabilize and recovers.

    • BoulevardBlvd@lemmy.blahaj.zone
      61·
      11 hours ago

      Lol. No. The EU tariffs haven’t even hit yet. They actually go into effect next week. The only way this is the time to buy is if you think trump is going to back down. He isn’t. He’s an egomaniac gambling with someone else’s money. This is going to get a lot worse before anything recovers

        • LibertyLizard@slrpnk.net
          1·
          10 hours ago

          That’s why this isn’t necessarily wise though. There’s no real way to know where the bottom is. It depends on unpredictable future events. Especially in this case since Trump loves to chaotically change his mind all the time.

    • tehn00bi@lemmy.world
      1·
      9 hours ago

      This mostly worked for me. I needed to sign back up with a financial advisor and I wasn’t happy with their service so I sold off most of my stocks in January to redo my portfolio. Now I’m just holding that cash for a bit.

    • skozzii@lemmy.ca
      1·
      9 hours ago

      This is just the beginning, things are gonna get real bad. The markets are currently priced with tariffs being dropped, if Trump doesn’t actually drop them then there is a ton of room to fall.