Today the DOW dropped 832 points (-3.15%), S&P 500 fell 3.29%.
What do you all think- one-day blip, or signs of something longer- term?
I’m sitting on about $125k that I was DCAing over the next several months. Today’s big drop has me itching to go ahead and invest another chunk of it tomorrow, but then another part of me thinks this downward trend may last a while longer so I should stick to my original plan.....
I know the whole point of DCA is to stick to a strategy so as to lessen the chance of failing attempts of “timing the market” and to take the emotion out of investing. But when you have a big drop like today, it’s hard not to pay attention...
What do you all think- one-day blip, or signs of something longer- term?
I’m sitting on about $125k that I was DCAing over the next several months. Today’s big drop has me itching to go ahead and invest another chunk of it tomorrow, but then another part of me thinks this downward trend may last a while longer so I should stick to my original plan.....
I know the whole point of DCA is to stick to a strategy so as to lessen the chance of failing attempts of “timing the market” and to take the emotion out of investing. But when you have a big drop like today, it’s hard not to pay attention...