First, it was SAAS dropping and not recovering. Now, it's memory stocks dropping 30-40% after a 9 month parabolic run and all time highs last week. What's next?? The answer is: I don't know. The market may go down, stay the same or go up. Hopefully, my new strategy will enable me not to care.
Why? In the past year, I've sent up our investments to create a monthly "paycheck," which will be independent of market volatility. However, since I created the "paycheck" the market has not had a major pullback. Most of the time, it has rebounded quickly.
This time, it may continue downward for a longer period. My immediate reaction will be to do nothing, no adding new positions, and neither selling nor buying for existing positions other that to thin out individual stocks or adding market ETFs.
Will I be agnostic to volatility? I hope so. We shall see.
This is not financial nor investment advice. Please consult a professional advisor.
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