I'm doing a small amount of trading in our retirement accounts. Hoping for but not expecting a bounce in the fallen stocks the past few days. If there is a big bounce, I may sell some positions for a small profit. If the recently purchased stocks keep falling, I am reluctant to increase my holdings in the stock. I want to avoid trying to catch a falling knife.
However, I do plan to scale in some funds to our kids' college accounts in a S&P500 index. Even if the market dips further, we'll be keeping these accounts for several years. In addition, if the market falls further, I will be able to add more funds at that time.
This is not financial advice. Please consult a professional advisor.
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