Yep, that is my view... for the longer term 5 + years, buy a low cost tracker of a large segment of the market, even the FTSE100...when the market dips... Then go away and forget about it. Otherwise it can become addictive like gambling... Or join a local investors club meet/talk about what you should do say once a month or once a quarter
Or as I said . . . . talk to someone who knows what he's doing, man I certainly wouldn't just do what you suggested . . . . "Yep, that is my view... for the longer term 5 + years, buy a low cost tracker of a large segment of the market, even the FTSE100...when the market dips... Then go away and forget about it." I'd manage it properly
I wasn't buying in though, I'd bought in a week ago and it was still dropping massively when I woke up so I shuffled the funds around until the dropping had stopped. When it had stopped I bought back in to crypto.com which after stopping going down, went up then came back down a little but has flattened out the last hour or two. I'd have had much less had I left it where it was as I missed out around 20% price drop by moving the money out when I did.
I'm currently on Orion Protocol (ORN), Coti (COTI), UTRUST (UTK) and Chainlink (LINK). ORN isn't live yet and jumped from around $3.40 to $14.64 within the last month. https://www.orionprotocol.io/orn Citi Bank just released a report yesterday suggesting Chainlink has the potential to eclipse Bitcoin!!!!!
Still don’t really understand it but my portfolio is rising quite a bit. My initial investment amount is currently sitting at just over four times it’s original amount.