Don't forget to both pray and keep educating yourselves. I ask God to give me the wisdom to discern what I need to know and respond accordingly. I never pray that my investments "go up." I pray for the insights I need to be able to do the best thing for my family. I need to keep learning so I can recognize reality when it is staring me in the face. God bless!
April 9 update. Quick note about fractal wave patterns. 4/1 we saw the QQQ move 2.1% from high to low. 4/2 it was 2.9%, 4/3 5.6%. I generally recommend getting "out of the water" when the "waves" are over 5%... 4/4 6%, 4/7 9.3%, 4/8 7.7%, today 4/9 10% so far... This only happened a few times in the past 25 years: 2000, 2008, 2020, and this past week. Maybe we hit the bottom yesterday, maybe we didn't. These are big waves. To put it in perspective, the S&P 500 averages 10% gains a year. The QQQ averaged about 17% over the past 20 years. Are you willing to risk a years worth of earnings playing with the whales during a hurricane? That is why I am on the sideline.
Thanks Christopher! The husband and I were just discussing our investments and wondering what you thought of all this.
Don't forget to both pray and keep educating yourselves. I ask God to give me the wisdom to discern what I need to know and respond accordingly. I never pray that my investments "go up." I pray for the insights I need to be able to do the best thing for my family. I need to keep learning so I can recognize reality when it is staring me in the face. God bless!
April 9 update. Quick note about fractal wave patterns. 4/1 we saw the QQQ move 2.1% from high to low. 4/2 it was 2.9%, 4/3 5.6%. I generally recommend getting "out of the water" when the "waves" are over 5%... 4/4 6%, 4/7 9.3%, 4/8 7.7%, today 4/9 10% so far... This only happened a few times in the past 25 years: 2000, 2008, 2020, and this past week. Maybe we hit the bottom yesterday, maybe we didn't. These are big waves. To put it in perspective, the S&P 500 averages 10% gains a year. The QQQ averaged about 17% over the past 20 years. Are you willing to risk a years worth of earnings playing with the whales during a hurricane? That is why I am on the sideline.