šššI treat this Nasdaq pullback as a completely normal healthy breather. I will continue to dollar cost average into
$Invesco NASDAQ 100 ETF(QQQM)$ without selling a single share.
Why?
I am focused on a long term horizon where the magic of compounding will do the heavy lifting. Trying to time macroeconomic shifts or outsmart bond yields is a losing battle.
While it is true that rising interest rates are the mathematical enemy of high flying tech valuations, my advantage is TIME.
Short term corrections are not a threat to a long term DCA strategy. They are the exact moments when my monthly investments acquire more shares of QQQM at a big discount.
It is time in the market that counts, not timing the market.
@TigerStars @Tiger_comments @Tiger_SG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments