What a day so far. If you’ve been paying attention to the market today, it may feel like earnings don’t mean as much as guidance. Earnings seem to play second fiddle when it comes to the Fed announcements, GPD, and CPI data.
Today is a heavy hitting day, but I wanted to make this post as a reminder. Time In The Market is better than Timing The Market. Don’t panic, don’t sell, just wait. The doom and gloom the market will sour, leaving a bull market to take advantage of. If you sell or get out of the market now, you won’t be in a good position for when things are positive.
With all the talks of recessions, inflation, interest rates, it can be a little too much. So on days like today, just turn the TV off, turn the notifications on your phone off, and just relax. Let it go.
Unless… you are excited about days like today. I’ll tell you why it’s exciting, DEALS! Today is a great day to find some real deals since the market is taking large hit. Major indexes down, why not buy the indexes! It’s a great time to get in on DCA (Dollar Cost Averaging).
Days like this are meant for the mentally tough investors that look at the panic differently. Look at the deals, instead of just seeing RED. If you know anything about Warren Buffett, you probably know one of his greatest quotes. “Be fearful when others are greedy.” “Be greedy when others are fearful.”
Wise words, but these are the days that Warren is talking about. Play the market safe today! If you are thinking of selling or panicking, turn it all off, go outside, go for a drive. Today is for the deals!
Thrifty Investing 