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Friday: ups & downs (lemmy.ca)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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Finance is a combination of luck, good/bad decisions, and a little bit of chance!

Let's talk about your ups and downs! What successes did you have this week? Who messed up?

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[–] [email protected] 2 points 1 year ago (2 children)

One-third of my portfolio is currently allocated to CASH.TO 😄

However, this is intentional as I am saving this portion for the down payment on my first property.

[–] [email protected] 2 points 1 year ago (1 children)

I'm doing it as a hedge against this supposed recession. If the stock market takes a huge shit, I'll sell my cash position and dump it in. If not, well, it's still 5%!

[–] [email protected] 3 points 1 year ago

I was kind of like you during a large part of the 2010s. I regret it quite a lot now... I'd advise reading Even God Couldn’t Beat Dollar-Cost Averaging by Nick Maggiulli and What if You Only Invested at Market Peaks? by Ben Carlson, these contributed a lot to me changing my view.

[–] [email protected] 2 points 1 year ago

CASH.TO is great for your use case. But I've seen so many people getting stuck with it recently that I think it was important to say it !