No, seriously. This isn’t a political post. I’ve been dying for some stock market discounts.
Oh yeah and a special shout-out goes out to all of the panic sellers as well. The self-made millionaires couldn’t be there without you ❤️.
Lastly, I’ll reiterate an important adage to try and make this less of a low-effort post: **only invest what you can afford to lose**. It seems people have forgotten this. There is virtually no investment that comes without risk. You don’t get to gamble and then be upset when the market goes south. If you can’t stomach an 8% downturn, you’re either investing too much, too emotionally invested, or shouldn’t be investing.
And don’t give me none of that:
“It’s not the 8% that worries me. It’s our future.”
“This time it’s different.”
“America is in for tough time.”
“We’ve never seen this before bro.”
I can promise you we’ve seen this before. Not a single soul has uttered something original in the past two weeks that hasn’t been said before during another time of fear. We’ve heard it all before. We’ve heard all the theories. We’ve heard all the fear. We’ve heard all the speculations. Nothing about the current state of affairs is irreparable. And if you truly believe that, then put your money where your mouth is, and go hide your money under your bed. Go read forums from other unprecedented events, and you’ll see the same rhetoric: “no, this time it’s really different. I proooooomise you, bro”.
For you to be successful at this game, you have to be completely emotionally detached. You can either work yourself into a frenzy, convincing yourself with paranoidal theories about how this time is different, or you can continue to DCA. The dips are what creates the wealth, folks.
See you at the top.
(By the way, if you’re going to reply to this post with hostility, that’s totally fine, just make sure to come back and have some accountability after we see new all-time highs. You don’t get to talk crap and then retreat to your hole when your theory didn’t pan out.)