ilmscore | Prediction Details
"the way that I'm looking at everything is this year we're in an election year so all the numbers that I'm seeing reported by the government I tend to think the real numbers are probably not as good as what I'm seeing maybe I'm wrong but that's the way I look at it now when I ask people what they're doing with their finances they're saving are you investing are you just waiting to buy a lot of times I I hear people say I'm going to wait until interest rates come down until house prices car prices all come down and I can finance and buy when it's cheaper and that's fine but I think what most people forget is that when interest rates come down it's because the economy is slowing down and when asset prices come down it's not because interest rates are cheaper it's because people lose their incomes now I hope that doesn't end up happening but when it happens people lose their purchasing power that's why things go down that's also why I've been building a cash position just in case life throws a lemon in my face I think it's really important to save at least 3 to 6 months worth of an emergency fund just in case but when it comes to investing I'm also dollar cost averaging right now for example when the market flash crashed I was buying a little bit of Bitcoin unfortunately I missed it below 50,000 but that's okay because I'm putting in about $100 a day into Bitcoin sometimes more sometimes less but that's about my pace when it comes to the stock market the S&P 500 I'm also dollar cost averaging at the exact same rate of $100 a day and that's into an ETF ticker symbol vti which is basically the broad stock market that's made up of thousands and thousands of different stocks"
By Andrei Jikh | August 19, 2024 | Pending
From video
The Japan Bubble: How One Country Is Holding Up The Entire World 00:16:05 - 00:17:43
Interpreted Prediction
The speaker is dollar-cost averaging $100 per day into Bitcoin and the VTI ETF (broad stock market), and is also building a cash position and emergency fund, believing that waiting for lower prices and rates might coincide with income loss due to economic slowdown.

Prediction Details

Topic
Investment Strategy: Dollar-Cost Averaging

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