The old adage, "you can't time the market", is true. Many seniors (boomers) rely on their financial advisor for investment positions. Most financial advisors will advise their investors to look past volatility and keep some percentage of their investments in stocks so when the market rebounds, the investor will have some skin in the game. Generally the greatest market gains comes after a stock or fund bottoms out. If we're not in the market, we will miss great gain.
Agreed. I am holding im my ETFs.
Will be interesting to see how the market reacts to what the fed says next week. The fed sees what is happening. Any change in stated fed direction will likely be met with more volitility and selling short term, but I’m hopeful after next week things will turn upward once more.
Emotion is controlling reactions in the market right now. Irrational short term reactions.