Your weekly reminder as I’m seeing lots of dip buyers and so many dip buyers have become bag holders very quickly. 

You or I will never time the exact bottom, but buying downtrends is not a smart strategy as it often results in further losses unless you get lucky catching the bottom. 

Be patient. I want each of you to be incredibly successful with a true strategy to buy the dip. 

Buy and hold. Don't try to time anything. Buy on the way down, buy on the way up, buy when it's flat. Just buy and hold. That's the only tried and true strategy that works, especially if you're buying a broad market ETFs, which I recommend to everyone, at least to start with for a few years.

Too many people keep citing the last decade of the 2000s where it took 11 years to get back to dot com peaks and this is just a redux and you won't see green again until 2030! Yada yada yada. Meanwhile, they conveniently ignore the odds of someone buying once at the dot com peak and never buying again. And even if that happens, guess what? That's fine as long as you buy and hold. Don't believe me?

Meet Bob, the world's worst market time.
[https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/](https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/)

Steve Matt

STOP BUYING DOWNTRENDING STOCKS

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