I never lecture someone for making a mistake when investing their money. I do, however, get on here and tell them it's tiresome to see the same complaints from the same person -- on thread after thread -- about the impact of the economy on their investments when their investment strategy was a disaster waiting to happen. "We were told to invest in X, Y and Z because they don't go down when the stock market declines" is not an investment strategy. And when X, Y and Z lose value, don't blame Biden or anyone in Washington. Go take that up with the person who told you to invest your money that way.
One case in point was from several years ago -- involving a Freeper who actually blamed Trump for a short-term correction in the stock market in 2018. This person's complaint -- almost word-for-word: "Now I don't have enough for the down payment for the home I'm buying next month."
I was almost angry to read that kind of sh!t on this website. Who the hell has money that is allocated to a major purchase like a home invested in the stock market?"
My take on investing is that all of those talking heads who say they know what is going to happen really don’t know and it’s like Cramer (who is nauseatingly embarrassing most times with his predictions) trying to give you advice.
I play long - very long. 30 years or more.
I won’t touch it, ever until then.
Ups and downs happen. It’s good when it goes up, good when it goes down. And the reason is because the tomatoes just went on sale when it goes down.
A lot can happen in 30 - 40 years of investing. Of course with CBDC right around the corner we’re sort of in uncharted territory.