Key insights
- A retail investor regrets lump-summing into FXAIX due to poor market timing and expresses concern about current market volatility. They suggest new graduates hold cash instead, anticipating a prolonged market downturn. This reflects negative sentiment and potential risk aversion among retail investors, which could contribute to short-term selling pressure, but the overall impact is limited.
My timing could literally not have been worse, and it’s on me. I dumped 7k into my Roth IRA for last year and another 7 this year. My average cost is sitting at $235 and the market doesn’t seem like it’ll rebound any time soon.
I made a post asking if it was a good idea to do a lump sum and got a resounding yes. Now I know it wasn’t a good idea at all. Matter of fact, every single penny I’ve put away has lost money.
I would honestly recommend that any fellow new grad with fresh income coming in put it in a savings account until this administration is finished. Everything is way too volatile and I wouldn’t be surprised if this set me back 5 years or more.