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Comment by skrowl | Hacker News Reader

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

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Good advice! Just time the market.

I'd rather die of self inflicted bankruptcy !

-- ex trader 2021

Worst advice ever. Do not try to buy the dip in this market. Most likely it will lead to loosing money.

You only lose money if you sell :-)

Don't forget the opportunity cost of waiting 5 years for your investment to go back to net 0 :)

Or if your asset gets delisted. Or if there is no list.

It can't possible be worse than advice to buy at the start of this covid-19 disaster.

I feel for those stuck holding this particular bag of shit. Fortunately I pulled out after the last TSLA earnings call, and look forward to the future shopping spree once the dust settles.

Buying when it is low is not as good as buying when it is lower. But it is still good. Buying today is much much better than buying a month ago. Or six months ago. Was it a bad idea to buy then?

It's clearly better advice than dumping in more than you can afford? ¯\_(ツ)_/¯

I don’t think it’s possible to tell the difference between volatility and things picking back up. Somebody trying to follow this advice might have bought on Friday when the market went up.

The market is likely to go much higher than friday in the coming decades.

I agree completely. My advice to anyone who isn’t employed as a stock trader is to buy when you have investable cash. In particular my comment was disagreeing with the advice to “wait a little while longer.”

Yes... people should buy while the market is falling. You can't time the bottom. You can observe the fall though.

I wouldn't care to risk retirement funds until the scope of the virus is better defined.

the investor who buys in just before a vaccine is announced will make some scratch

Timing the market is possible if you know more than the market otherwise it’s just gambling.

But what do you do if you got lucky selling now?

I sold three weeks ago figuring it would be bumpy ahead, but I don’t want to miss the bottom entirely. Now I’m thinking the low risk strategy is to buy very slowly over a long period.

It probably isn't the bottom. That doesn't mean expectation is optimized by waiting.

I'm going to trickle cash in to total market index funds each week going forward. I'll just keep adding on the way down.

That's pretty bad advice.

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