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Global stock markets plunge - CNN
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This happens every time I set up automatic deposits into an investment account without fail. I’m already contributing heavily to a 401k and won’t be retiring any time soon, but whenever I set up this “side” account stocks plunge.
Super annoying
Wouldn't you want to buy more during a plunge anyway? But low sell high and all that
I think they mean that they auto bought right before the plunge and are now frustrated because if they had procrastinated a few more days they would now be in a position to buy low with the same money.
That being said, trying to time the market tends to be a losing game for retail investors, as statistically the market is more likely to rise than fall, so earlier is better unless you have better information than the people paid full time to study the market have.
Yes, that’s exactly what I meant.
To your second point, I’m not trying to time the market too much and am kind of against it myself.
My point was just that it’s frustrating that things tank right after buying, but I’m not so impatient as to try to “fix” it by selling now and losing funds.