@Samlunch:Likely we will have a small pullback. Based on statistics, there are on average 3 pullbacks of 5% a year and on average 1 pullback of 10% a year. Expect a slight pullback then be ready to go long once we see a bullish candlestick pattern. Lets all huat together!
@Dan1192:$S&P 500(.SPX)$ has had a bad day yesterday as we know it, probably triggered by the latest inflation related news. I may be wrong, but I will be surprised if this is the start of the reversal. Rather than a technical analysis, I will explain from a macro level perspective. Everyone had a good weekend, it was the superbowl, it is the start of the Lunar New Year, Joe Biden posted on Tiktok, new Marvel deals, it's the Dragon year, more Feds on a 'no landing' Feds outcome, etc. As hard as it may seem to be, this is a temporary pullback, everyone is ready to move on again, everyone has accepted the inflated prices, the shrinking portion, the dystopic reality. The emotional buying and spending i
@mgjk88:My 2023 investment decisions in review: 1) My choice to purchase ETFs as the bulk of my portfolio was and is still a wise decision. It allows me to readjust my holdings according to a set of rules without buying or selling any stock, saving money from transaction costs. In addition, it is done automatically every quarter. This saves me time from analysing stocks and keeping up to date with related stock news. Although this strategy would mean underperforming or keeping up to pace with the market, it would save me my most precious resource - time. For those who aspire to attain higher than market returns, careful stock picking from deep analysis would still be the way to go. 2) Speculation in hindsight