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I am lucky enough to have no debt & minimal expenses, so I can put basically however much of my paycheques towards investing.
I’d love to begin investing in ETF’s and blue chip stocks but it frightens me that basically everything I see is at an all time high, partnered with the fact that I always hear of an inevitable recession coming.
I’ve seen a few comments saying time in the market beats timing the market, is this always true? Although I’d be investing for the long term, I can’t help but imagine that I’m entering at the worst time.
I was planning on regularly investing every week no matter the price, so I set up recurring deposits into my Questrade TFSA but paused it after the first deposit to rethink it all.
Statistically speaking, investments go up & depending on risk, they also go down. That doesn't negate the fact that they've been a benefit to people's retirement funds & TFSA's. It's a system that fluctuates, but yeah, it's a consistent upward trend.
People lose a lot of money when they day trade, buy fake coins, invest in a shoddy business schemes.
But a lot of "investments" that people often benefit from are like Healthcare, technological and mechanical advancements, entirely new and innovative concepts etc etc.
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Good answer! Good answer! claps hands in family feud