• TommySoda@lemmy.world
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    17 days ago

    They are literally pumping and dumping the stock market as a whole. It’s market manipulation by tariff as they make bank on peoples fear.

    • witchybitchy@lemm.ee
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      17 days ago

      announce tariffs > market uncertainty > sell off stocks > value goes down > buy the dip > pause tariffs > markets recover > laugh all the way to the bank

      or something like that

      • peregrin5@lemm.ee
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        17 days ago

        That’s what I did. I rebalanced my stock allocation from 50% to 80% and put a few thousand more in the market.

        • Wanpieserino@lemm.ee
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          17 days ago

          General known info would be that lump sum beats DCA 2 out of 3 times. Well, we’re after a crash. So I just am pumping everything into it.

          Into European stock tho, not touching crazy.

          But for anyone reading this: keep an emergency buffer of 6 months on your savings account. Your choice if that’s 6 months expenses or 6 months income.

          If you get fired, you have unemployment benefits, if you get sick you get sick pay.

          We have the ability to seek a bit more risk in our private lives.

          • peregrin5@lemm.ee
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            17 days ago

            I hedge my bets and do both. I deposit a regular amount regardless of what happens but will throw in a bit extra when it’s clear there is a dip. I prefer the international ETFs also. Can’t go wrong being more diversified.

            Double recommend the emergency fund. I have 6 months income but with the current volatility and that fact that I live in this American shit hole, I may want to start contributing more to it to get 9 months at least. But since I have 6 months already I’m fine with not missing this opportunity to buy the dip.

            I only wish I had waited a week to make my yearly IRA contribution. I generally do a lump sum for that since I just max out the contribution for the year with my bonus mainly because it’s easier to keep track of. This event makes me want to rethink that strategy since I missed the dip on that by a week. It probably doesn’t matter that much though since I can’t touch my IRAs for around 30 years anywho.