I have been quiet about investments since the end of last fall. Because to tell you the truth, the market outlook is depressing that I focused primarily on investing enough to my Roth IRA to meet fulfill 2022 to also prepare enough for the Amazon and Google stock split.
But to be truthful, I am not watching over things because it can get worse or it can get better. But I know that for any time in our history, with every market crash, inflation or any depression, things will get better. But yes, I have lost a lot of money in 2022. But fortunately, I’m not retiring this year or in the next five or ten years. I have time on my side, so I can ride this wave.
How many years will it get better? Who knows. But looking at 2003, 2006, 2018, things do get better. It will hurt temporarily but as an investor, you need to be disciplined and know that there will be good times and bad times in your life. It’s how things work. It’s how things have always been. You’ll have your bullish and bearish years. And right now, things are just not good.
I can take advantage of the dip but to be truthful, with uncertainty, I’m holding on my cash and paying off debt and doing what I can to stay afloat during these tough financial times. A lot of people are hurting with the costs of groceries and gas so high.
And unfortunately, discussion is that things will get worse possibly even worse through the spring of 2023. So, what best than to prepare for the worst.
I was concerned about this back in March 2021.
Maybe we should have listened more to Michael Burry and Harry Dent?
