Timing the end of the market crash is similar to trying to time the market. At what level do you think the crash will be done? at 20% off the previous highs? 40% off previous highs or 90% off previous highs? No one can say with any certainty. Although unlikely, the low could already be in. Maybe the virus cases will start to slow down in the next few weeks and the market has priced in a worse case than reality.
If one sells now in the hope to buy back later, there is no guarantee that they would be buying at a lower price. The safest thing to do is to leave it as it is and top up if you get spare money. I guess its a risk reward thing. Ofcourse you might end up getting in cheaper but I call that trying to time the market. High risk High reward. Dont see how thats suitable to someone nearing retirement.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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76.5¢ | 23269 | 4 |
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2 | 4297 | 0.750 |
6 | 48177 | 0.745 |
6 | 57676 | 0.740 |
2 | 11082 | 0.735 |
Price($) | Vol. | No. |
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0.765 | 22469 | 3 |
0.770 | 28800 | 3 |
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