Worldwide Financials (Epiphany rules probably apply)
An old saying: when Wall Street sneezes, the rest of the world catches a cold.
It seems Wall Street is now in a correction mode, where the Dow drops around 10% from a previous high. Generally, such corrections last about six months before returning to the high. It also seems to happen every four years during a presidential campaign.
It is my understanding speculators had been borrowing from Japanese banks which were charging nearly 0% interest and investing in American stocks. Now that Japan is raising its interest rates, investors have to go short. Berkshire suddenly selling half of its Apple stocks has ended up causing a sharp drop in the NASDAQ as well.
What to do? Personally, I don't have many investments in the market anymore because of my age, but I still do (Rule of thumb: subtract your age from 100, the result should be what you have remaining in stocks). I am in a holding pattern right now. But if I were younger, I would start buying stocks at wholesale prices now, especially Apple. The last time I put significant money into stocks was in 2020, during the pandemic. I do not regret that decision.
How can I say this? In a previous life I was a duly licensed mutual fund representative. (8 and 63) plus a Certified Financial Advisor. But I have to say, what I am doing may not be what you need to do. I would say, contact a financial advisor you trust before making any significant decisions in the market.
It seems Wall Street is now in a correction mode, where the Dow drops around 10% from a previous high. Generally, such corrections last about six months before returning to the high. It also seems to happen every four years during a presidential campaign.
It is my understanding speculators had been borrowing from Japanese banks which were charging nearly 0% interest and investing in American stocks. Now that Japan is raising its interest rates, investors have to go short. Berkshire suddenly selling half of its Apple stocks has ended up causing a sharp drop in the NASDAQ as well.
What to do? Personally, I don't have many investments in the market anymore because of my age, but I still do (Rule of thumb: subtract your age from 100, the result should be what you have remaining in stocks). I am in a holding pattern right now. But if I were younger, I would start buying stocks at wholesale prices now, especially Apple. The last time I put significant money into stocks was in 2020, during the pandemic. I do not regret that decision.
How can I say this? In a previous life I was a duly licensed mutual fund representative. (8 and 63) plus a Certified Financial Advisor. But I have to say, what I am doing may not be what you need to do. I would say, contact a financial advisor you trust before making any significant decisions in the market.