Submitted by IndexBot t3_zzbcyz in personalfinance
mounthoodsies t1_j2bk0e6 wrote
Does it really make sense to invest in the market now with all the questionable signs pointing to a not-so-great 2023?
I would think it would be smarter to invest in an ibond at 6.89%. Gold is even looking like a good hold if inflation continues which it seams like it will. Once Q4 numbers come out I’m not so sure they’ll be in the green.
Anyone have an opinion on how to tackle this uncertainty in the market and rising inflation?
dequeued t1_j2clxk1 wrote
If only timing the market was that easy. Your best bet is to ignore the noise and follow the steps in the Prime Directive.
More on market timing:
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Warren Buffett: "to buy or sell on current news is just crazy"
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Burton Malkiel, author of A Random Walk Down Wall Street: "market timing is dangerous"
Remember that you're investing for the next 30-40 years, not trying to predict the Dow next week, next month, or next year.
Citryphus t1_j2e2wiv wrote
My asset allocation already takes the bad years into account, and rebalancing helps me make the most of them.
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