For good reason, given recent news about government shutdown fears in the US and Evergrande/China banning crypto again, there is a lot of FUD about a massive market correction across assets classes and especially in the stock market.It’s easy to say, “I’ll DCA” if shit hits the fan. But would you? Assuming you have a retirement account or other accounts beyond crypto, would you confidently double down after a huge drawback to your net worth?Americans in 2008 and before then, during the dot com bubble, were shell shocked to see their portfolios crash over 50%, erasing the possibility of retirement for a lot of them.What would you do? Double down on your current investments? Try to catch something you’ve wanted on sale? Wait to see if the dip dips more? Call it quits and exit?It’s worth considering what you’d do when the going really does get tough.
Submitted September 29, 2021 at 10:23AM
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