I can’t do Market Timing, so I just keep investing with what I can afford. Last time I checked, 2008 was the best investment time in my lifetime. I gained much during that period. Looking back, as my brother-in-law said: “it takes steel balls to buy stocks in 2008.” I’m glad I did.
I can’t predict the future, but here’s my educated guess. SD housing price will go up/down/sideways depend on each local neighborhood & availability. From what I see, sellers are not desperately try to sell and buyers are not desperately try to buy at all cost. The housing market won’t crash in the short term. Lending industries are not misbehaving like they did back in 2003-2007. So, I don’t see it crashing yet.
State of the economy:
Stocks are going up. Lots of folks with lots of funds to invest. I don’t see huge growth coming. Things are not cheap. I am holding and buying more when opportunities arise. No one can time the market, I’m just a boring buy & hold long term investor, so it doesn’t bother me too much what comes the next 5 years down the road. In fact, I hope for a correction so I can buy more at a cheaper price.
There will always be wars, recession, corrections, deficits, gold bugs, threats of U.S. going bankrupt etc.. Sure… in the end, S&P on average is still up 5-7% every year. Sit tight, save a little more, consume a little less and everything will be fine.
