For weeks I have been thinking that the stock market would significantly dip again approaching the march minimums, so I have been patiently waiting, mainly liquid with cash and gold and a very small portion of investments.
However, the rise seems strong, both in Europe and in the USA, so I am starting to think that I may have missed the chance.
Nonetheless, I think that the market is very over-priced so I just cannot bring myself to buy anything . P/E ratios and debt ratios are going to rocket once we start to get updated balance sheets (increased debt) and income statements (lower profits/margins), adding the increased unemployment and the terrible economic and social damage, one would think that companies should be crashing and yet the stock market is rising like a rocket! . It cannot all be solved by pumping money into the economy.
So I wanted to ask… what are your thoughts?
What is your strategy?
Let’s compare and see what happens.
My initial idea was to wait for the dip and use the pies to invest around 6% a week over a period of 12 weeks, with 2 further sets of 15% to be invested manually if I think that we have reached a potential dip, to try and catch the stocks at a reasonably low price or in stocks that I decide as we go.