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Comment by JeremyNT | Hacker News Reader

> Ironically, it's probably best to buy stocks and crypto when they are in valleys like this rather than at peaks.

Is this actually a "valley" though? I'm not sure about that. It could be the worst of this recession is yet to come for both types of assets.

Buying at the bottom is a great idea, but the hard part is knowing where the bottom actually is.

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Dollar-Cost Averaging is the way to go. It doesn't matter whether the stock market is up or down.

Until it drops enough that the DCA crowd gets scared. People have been told by reddit that there's an easy way to riches, by just blindly DCAing every month, and most people have blindly accepted this gospel. It just has to go low enough for the spell to break.

It's as if not everyone can be rich with this one simple trick of dumping your hard earned cash into buying whatever Blackrock is dumping on you every month till eternity.

I'd wager anyone doing that for 30 years will do quite well. It's when people get impatient and take crazy risks that they get in trouble.

> buying whatever Blackrock is dumping

The amount of money it would take to move the price of the S&P 500 is incredible.

DCA into Vanguard may be ok. Things are on sale now, if you believe in USA over next 20 years.

Usually a great strategy. However, 2020-2021 were an artificially created equity bubble. I don't think we will see this coming back anytime soon. https://i.imgur.com/MsIGcSo.png

Everyone said the same thing in 2008.

You are right no one knowns anything in trading.

i really hope this is true because im holding

...until you're laid off at the bottom of the market (or nearer to the bottom that all the times tou were averaging)

Well, it’s a much better time to buy stocks than anytime last year when tech stocks were at an all time high and everyone was telling everyone else to invest in the stock markets.

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