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/biz/ - Business & Finance

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49840595 No.49840595 [Reply] [Original]

Should I go into S&P now? Seems like it's had a rough time and I can buy low.

>> No.49840601

>>49840595
absolutely OP. what's the worst that could happen?

>> No.49840665
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49840665

>>49840601
well my logic is that even ultra rich people are deep into S&P
they won't let it fail big time and I can afford to wait for it to recover

>> No.49842633

>>49840665
The majority of SPY buys went in at 280, they won’t feel the pain of loss until it’s around 310. More downward fl

>> No.49843685 [DELETED] 

>>49840595
enjoy your 20% gains

>> No.49843755

The fed won't protect it. They're raising rates and crashing things near midterms. It's a sign anon.

>> No.49844747

>>49840595
Fed just had the biggest rate hike in decades. All the asset managers in the world are repricing risk and will probably sell a bunch of stocks on aggregate. I think there will be better buying opportunities.

>> No.49844801

>>49840665
The Fed literally sold the top

>>49840595
>It's gone down so now it has to go up

Lol

>> No.49844804
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49844804

You aren't buying low. US stocks (and the S&P500 in prticular) are still incredibly expensive relative to fundamentals despite the drop.
My advice would be to buy vanguard total market index fund and add some internationals as well. That way you are hedged against the possibility of a lost decade for US stocks.This is a very real risk despite what home-country biased anons will try to tell you.