Yet when I went into 2022 with over 300k in cash, everyone here and everyone I know IRL that knows anything about money was telling me that I was fucking retarded, and then I was actually retarded by listening to them.
Not many people anticipated just how horrific 2022 would be. In just about any other time period in US history, cash is one of the worst possible things to hold. It was just the perfect storm of shit.
Maybe go look at the first week or two of 2022. Then go look at the posts saying the Fed need to pull the bandaid off and pull a Volcker and not drag interest rate hikes out for a year or two. Don't blame us if Janet Powell don't read FOH.
It was just bad timing on my part. I had all that money sitting on the sidelines for years waiting for a crash. I should have put much more of that money in when I did my first big buy in 2020, which made me way over-confident after getting very fast 58% returns. It's a lesson, for other people.
Your situation has me curious so just threw some data into a spreadsheet, $300k dollar cost averaged into the market since Jan 1 2020 and finishing today is still UP, in fact there is only a fraction of a time during the entire 3yr span the portfolio would have ever been in the red. Now given it's not a great 3yr return and I'm not calculating on gain on the cash that was waiting to be invested.
Right, that's what I'm saying, I didn't do that. I put in a lot of money in June-ish 2020 and then sat on the rest (aside from the money I was using for ETHE swing-trading) until early 2022 and then panic bought about 150k worth of shit in the first quarter of this year. I should have been dollar-cost averaging the whole time.
I also waited until January 2022 to dump about half my net worth into the market (sold house and some cars/nerd shit). Bad timing all around
I'm hating the set up but always say trade the chart in front of you and right now things are improving. More and more charts starting to look healthier. I'm not ready for a go all in capitulation of caution but the moving averages turn up and stack from fastest to slowest only people who hate money fight it at that point. So while buying 400 may feel dangerous, if the bulls win this inflection point better be ready to buy 410-420 .
Amod
feel free to remove.Gobble gobble. Looking forward to 1.55 and do it all over againSPIR $1.35 (+58% in 3 weeks)
As crypto has shown us, don't buy a piece of paper saying you own gold. Buy gold.
