I stopped buying the “dip” for now. I have $247K invested the market in VOO, SCHD, and Nvidia, and I’m down $26K for now.
I have another $240K in cash but will be sitting on the sidelines. I have to save the rest of the money in case we go into a recession or maybe try to time the bottom.
Fortunately, I have another $60-70K in for emergencies and expenses. Also, a paid off condo. I have a sales job that pays $80-120K/year but not sure how long it will last if we go into recession.
I’m not feeling remotely confident about this administration. I feel like trump is going to put the US in a recession by next year.
You know what they say, elect a clown and expect a circus.
So, instead worrying about your portfolios, who’s preparing for a recession now?