Today was the worst day since October 28th 2020, so it could be frustrating for many.
I believe these type of behavior in the market is quite common, assume everyone just buy, and buy and yet buy more, this couldn’t continue to infinity.
Right now there are lots of traders and investors with huge gain in few months, so they are easily sell as soon as market becomes shaky.
But no need to say that we are just at the verge of a new era, New technologies, New means of transportation, new source of energies, new fin tech companies, new marketing strategy, new e-commerce, new education systems, new delivery services, new means of investment, new models of data analysis, new entertainment services and the NEW MEDICAL ERA. Most technologies which drives the economy in past 4-5 decades soon become obsolete and replaced by today’s start ups..!
Those who can not compensate with this process will fade away in couple of years, many investment firms which believe in investing in dividend stocks will lose the game to those who invest growing startups with exponential revenue growth..!
Having said that, you should look at Biden’s administration expansive plans..!
Increase minimum federal wage from 7.25 to 15
Expand Obama care
Students loan forgiveness
Sustainable green energy sources
Increase Medical and cancer research budget
All these plans will lead to more money printing and inflation, and market will benefited from this.
Last but not least, 10 years ago Tesla was 3 dollar stock, no one believes that this company will be the new gold standard for car manufacturing.
Yet if you downgrade Tesla to a car manufacturing company instead of revolutionary energy company , you should do anything except investing In stock market in next 5-10 years. Because you don’t have the vision to be successful so as any chance..!