Quote:
Originally Posted by Winsor_Pilates
but I feel I'd be best to wait for what feels like an inevitable burst and then jump in with both feet.
|
The only way to know if you have the constitution for this is to actually do it. It's way harder than it seems when you're talking about buying the dip in a bull market.
I bought a huge amount of equities with both cash and debt in March, and it felt like crap. Buying at the bottom means buying when the market is whipsawing around, so you can expect your nest egg to go down 5%-10% in a couple of days, right after you invest. Would you be ok with that? Buying at the bottom also means that everyone will think you're crazy, you'll be bombarded with bad news, and your brain will be telling you to wait for it to go down a bit more to buy at the bottom.