Quote:
Originally Posted by iwantitiwinit
I disagree. We are trying to deal with a non-economic root problem here using economic remedies. Too many unknowns to jump in just yet. Better off waiting until the virus wanes a bit then slowly work back in. Don't be a hero trying to pick the bottom, better off losing 10% on the upside getting in a bit later than to lose 50% more on the down side.
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Timing the market is largely a myth. It's a fool's errand for 99 percent of the people who try it. If you've got the expendable cash, buy now. If you've got money in the market, let it ride. I think you'll find that opinion being the predominant one from any financial adviser. Pulling your money will only mean you reap no benefit when the market turns (which it inevitably will). And in almost every scenario you'll be buying new stocks with old money at higher costs than what you previously owned. Which means you end up spending more money to own less stock.