I wanted to open up a Roth IRA but I’m scared WSBs will end up crashing the market and the market is at all time highs. I know it’s damn near impossible to time the market but I really have a feeling it’s going to crash.

Time in the market beats timing the market. Even if you invested all your money the day before the crash in 2008 you’d still be in a good place right now. With a long enough time horizon this stuff doesn’t matter. If you want to wait like a week or something and then put your money in sure, but my recommendation is just do it now and don’t sweat it. The GME stuff could collapse tomorrow and the market rebounds in a big way. You never know.

permalink
report
reply
11 points
Deleted by creator
permalink
report
reply
7 points

No, put as much into your IRA as you can. It compounds. If you’re worried, your IRA provider should have a fund with a retirement age target that should mitigate some risk.

permalink
report
reply
5 points

You can contribute to a 2020 IRA until April 15 if you’re nervous about short-term volatility.

permalink
report
reply
4 points

If they crash the market and stocks tank, the cash you put into your IRA will be able to buy more shares (because they will cost less)

permalink
report
reply

finance

!finance@hexbear.net

Create post

Stock market entryism is a revisionist lie.

:stonks-up: :stonks-down: :ritzy-marx: .

Rules:

NO ABLEISM. ALTERNATIVE WORDS:

  • Piss Baby
  • Shitbird
  • Asshat
  • Liberal

NOTHING IN THIS COMM SHOULD BE TAKEN AS FINANCIAL OR INVESTING ADVICE.

All posts and comments must follow the ChapoChat Code of Conduct as well as our Terms Of Service.

  • No referral, invite, or affiliate links/codes
  • Do not soliciting business/investors, market research, media requests, or recruiting.
  • No asking (even indirectly) for gifts, loans, or donations for yourself or on behalf of any organization or person(s). !mutual_aid@www.chapo.chat exists.

We also do not allow:

  • Any mention of a fundraising campaign even without a link
  • Requesting a job
  • Asking for loan cosigners
  • Soliciting for anyone to engage in any kind of transaction
  • Suggesting another user perform an activity that is illegal, unlawful, or fraudulent in most jurisdictions
  • Linking to illegal content or lawbreaking information
  • Asking for advice on any of the above

Please note, posts and comments shitting on the existence of this comm are not allowed.

This is a dengist safe space. :deng-smile:

“I have, which will surprise you not a little, been speculating - partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”

  • Karl Marx

Community stats

  • 2

    Monthly active users

  • 873

    Posts

  • 4.7K

    Comments