If someone has been waiting for months or years to start investing on the stock market, I think that it's the right moment.
There are many wild movements these days. Giga caps stocks are going up or down 10% for no reason.
So, just use your money to buy shares of a stock that's doing good and that faces no problem... but that's impacted by bad news related to other stocks.
It's much better to invest in turbulent times like these than in times where every stock seems to be rationnaly valued.
After a few years I convinced my friend to open a trading account and got him started yesterday with a portfolio of 60% QQQ, 20% Amazon and 20% Google with a small amount of money. He's been smoking cigarettes for 25 years, almost killed himself on his motorcycle which he continues to ride but investing in stocks was too risky. I think I made him see the absurdity in his rationale.
RépondreSupprimerIts time in the market and not timing the market that works. Layering in when buying stocks. And when there is a 40% downturn like in March 2020, buying when everyone is selling is wise investing!
RépondreSupprimer