Re: Dow drops 500 points after record-breaking rally
Posted by:
long term play
()
Date: December 27, 2018 11:15AM
If you're contributing steadily into an IRA or 401k over many years, then you're more or less auto-balancing. And sending money in when the markets are low out of panic isn't a bad thing at all. You're buying stocks on sale.
Now, if you have $50k in cash, and are wondering where to play it, because you want it to be $60k in 2 to 3 years??? I couldn't tell you. Investors need to reasonably predict the future and Trump makes the future somewhat unpredictable. A tariff out of the blue can sandbag what otherwise might be a savvy investment.
Real estate maybe? Go in on a condo while the rates are low, fix up, and rent out.