What I’m advocating for is mainly based on the timing: the market corrects, on average, every 8-12 years. Right now, many Robinhood investors (like you probably are) are extremely bullish and are inflating the market.
When the bubble pops I will see you at the bottom. And I damn well hope I am wrong.
Buckle up.
First off, I am not a robinhood investor. I've been in the market since 2002, with a significant amount of capital invested now, weathered 2008 and this years Covid action and seen many bear markets. I find the fractional Robinhood "traders" comical and a train wreck waiting to happen. Buying Hertz, Kodak, Nikola.... That ain't me, so don't make assumptions. I have cash on hand, I have large percentage in J.P. Morgan ($JPST) a bond traded ETF which pays a monthly dividend and has a 8% return the last 3 years.