Do you have a Financial Planner?

[Jil]

@hanera

@erth

I feel sorry for the working poor. The kind of people who are not exactly destitute and homeless, but who do not have enough to invest to stay afloat with the pace of the stimulus. I guess a $600 check will be some solace?

Just wait patiently for the crash, it will come. Patient. Many stocks would be worth only 1% of current price. Good or bad will be dumped - margin calls, forced selling, more margin calls more forced selling, … You would read about many millennial multi-millionaires get decimated. During Dotcom bust, a typical Yahoo! millionaire net worth of $100M straight to a few hundred thousands. All employee options underwater, won’t be that bad this time, only RSUs, still worth something. Prepare a list of potentials. You don’t need a lot of money, a few thousand dollars will do. $1k to $1M, the more $k you have, the higher your eventual net worth. I need to repeat this again,
Prepare a list of potentials NOW!

This falls somewhat financial planning side, moving to this area.

Long before I ran a check for 5 years and 10 years.

Person A invests $250 every week, irrespective of ups and downs, they have better returns than waiting for crash as crashes will happen rarely and bullish trend happens longer period of time.

Most of the retirement funds suggests weekly periodical investment. I understood the reason when I ran a check.

This is applicable for QQQ and SPY based funds.