Since the bottom in March 2020 until December 2021, the stock market was a money printing machine. The overall market, especially growth stocks, only went up. That ended with the start of 2022.
At first, I thought the market bottomed in late January, 2022. I put additional funds in a Roth managed account. That account is now down 16%. In March 2022, I though the market had bottomed again and put additional funds into taxable managed account. That account is now down 11%. We have lost all of our gains from 2021 and starting to lose some gains from 2020.
At this point, I am making small trades based on earnings and make small buys on the dips and selling into the rallies. Currently, I expect the market decline to continue for several more months, unless there is a major catalyst event to the upside, e.g. Russia ceasing the war with Ukraine. In the meantime, I am waiting for a further 10-20% drop before making any further large infusion of funds into stocks.
This is not financial nor investment advice. Please consult a professional advisor.
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