Hi friends,
my family and friends know that I do a lot of investing and have extensive experience, so I often get asked about the current state of the markets. Yesterday my grandma was asking me if she should start selling investments because they were about to go down. I had to remind her the markets have been up significantly over the last two years and the current drop is barely a drop in the bucket…
So yes, the current drop has chipped away at Profitt and may still do so, but it is nothing compared to the gains that she has experienced. History says hold tight! Who knows what 2022 will bring but best not to try to time the market in this case, in my opinion.
Thanks for coming by,
Brian
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I think there could be much more drop after FED increases the policy rate. (Not A Financial Advice)
The SP500 is not a good indicator of what is really going on, because it is a highly curated and nitpicked index. If one stock is not doing well it can be replaced to keep up the facade of a well performing market. In reality every retail trader who bought anything in the past year is underwater, unless you only bought Tesla stock!
Biden and Putin war drums have hurt my stocks last week. Now doing damage control.
Your grandma is asking right so always invest by watching. There is a sharp decline in every coin these days. @brian.rrr