I think in the past that has been a good strategy which has worked.
However I think 2020 has taught us that the stock market is not really tied in with the economy at the moment.
I see so many for lease signs where businesses used to be, unemployment up and a failing US games retailer surge 8000% in a week.
I also see people getting tips on the next squeeze from random's on Reddit who are essentially using the stock market to gamble money.
I think at this point in time the market is a 'gamble'. Best bet might be go long on stocks you believe in and diversify and have a hedge against a crash. As I don't think anyone is certain which way the market is going to go but it seems to me whichever way it goes it will be a big move.
I actually want to look at entry into a leveraged VIX fund but like BBUS it seems like these products have a decay and might not be a good long-term hold unless anyone has any good suggestions.
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