There's tons of us here right? We invested, we lost a lot of money, some of us in previous stock market downturns.
But for the young people out there who have never invested, now is a good time to invest. Now maybe the market gets worse from this point on… but there are people here who've started investing:
- Since before October last year, who are now down like 20%-70% depending on how risky they invested
- Since December last year… Down a lot still.
- Since February this year…
- Since April this year…
The only question becomes “where is the bottom?”
And for young people if you haven't yet invested, you really may be in the best position to invest.
Obviously, yes, the stocks could still go down. There could be a recession, or it may be a slight bounce back, or it may not even be a bad recession, or it may be stagflation even worse… But start now, and then you have a chance to invest again harder in fall of 2022, maybe even harder in winter 2022, and again in Spring 2023. It's historically guaranteed the economy has recovered by then or nearing the end of any projected “worst case doom and gloom” scenarios.
Just stop using that shitty app like robinhood, use like schwab, fidelity, etrade, chase, or something else.
Sometimes the best time to invest is now… You can certainly wait longer but that could just be missing out on some gains as maybe the market recovers and a lot of these issues like oil prices get resolved leading to less inflation as QT and belts are tightened of corporations. Back before covid19 2020 crash, we were talking about how the economy fundamentals were very strong. Not a lot has changed since then, just peoples' attitudes got more gloomy due to inflation / QT announcements.
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