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by adaisadais
2148 days ago
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Clearly it won’t work in the long term. No one knows what the market might do tomorrow. We might think we know but no one can ever truly know (legally speaking). What I’m advocating for is mainly based on the timing: the market corrects, on average, every 8-12 years. Right now, many Robinhood investors (like you probably are) are extremely bullish and are inflating the market. When the bubble pops I will see you at the bottom. And I damn well hope I am wrong. Buckle up. |
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First off, I am not a robinhood investor. I've been in the market since 2002, with a significant amount of capital invested now, weathered 2008 and this years Covid action and seen many bear markets. I find the fractional Robinhood "traders" comical and a train wreck waiting to happen. Buying Hertz, Kodak, Nikola.... That ain't me, so don't make assumptions. I have cash on hand, I have large percentage in J.P. Morgan ($JPST) a bond traded ETF which pays a monthly dividend and has a 8% return the last 3 years.