02-23-2022, 10:11 PM
No one can consistently predict the bottom. But we are at historical lows percentage wise (depending on the exact metric maybe more, maybe less). When certain funds or stocks start hitting the 50% mark, it's always a good time to buy. You're not going to care about missing out on a few percentage points when it bounces back in a few months or a few years. Most people I know hesitate and then miss out all together because as things start climbing, they think that they missed the bottom, and so lose interest. And the cycle keeps on repeating. People think they’ve missed out on the bottom, and so tell themselves they’ll wait for the next bottom. And so on, and so on.
It's like when we bought Tesla back in 2016. We didn't get in on the bottom. It had already 10x at that point. But we knew it was still at a sale price then. Kinda like it is now. To this date, almost none of our friends and family have bought Tesla. And right now it's on sale too.
Opportunities like this are rare in an investment career. Dotcom bubble, 2008 financial crisis, Covid, now this Russia-Ukraine thing.
We are tapped out, otherwise we'd be going all in.
It's like when we bought Tesla back in 2016. We didn't get in on the bottom. It had already 10x at that point. But we knew it was still at a sale price then. Kinda like it is now. To this date, almost none of our friends and family have bought Tesla. And right now it's on sale too.
Opportunities like this are rare in an investment career. Dotcom bubble, 2008 financial crisis, Covid, now this Russia-Ukraine thing.
We are tapped out, otherwise we'd be going all in.