When Nasdaq drops, there are 2 hyper emotional polarised camps:
The All In Cowboys demand you deploy every last cent of your cash immediately.
The panicked Cash Out Doomsayers want you to liquidate your entire portfolio & run for the exit.
Both extremes are a one way ticket to a psychological & financial meltdown.
Smart investors reject the 2 extreme camps. Instead it is better to continue the dollar cost averaging strategy into $Invesco NASDAQ 100 ETF(QQQM)$ because it represents the long term future of global innovation. This allows you to capture the entire mega cap tech stocks at a steep discount during this seasonal correction.
Slow and Steady is the way to long term wealth.
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- quixziยท09-02 17:23I agree with the slow is fast approach here. In a month this emotional, disciplined DCA into QQQM beats trying to nail the bottom every timeLikeReport