facebookI have approx $7300, looking to buy into tech stocks in US - is it a good time now, or is recession going to hit soon so I should invest in defensive industries? - Seedly
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Anonymous

26 Jun 2021

I have approx $7300, looking to buy into tech stocks in US - is it a good time now, or is recession going to hit soon so I should invest in defensive industries?

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    Discussion (17)

    What are your thoughts?

    Hey there,

    There is never a good time as to when to invest. People have been saying that recession is coming since 2016, and look where we are, beating higher highs every single day. Don't bother to time to market because no one can do it (note to myself as well). Instead, focus on the fundamentals and future growth potential of the business. Do your own research and due diligience and see if the current valuation of that business makes sense to you.

    And to add on, if/when a recession comes, do you think you would deploy that $7300? My guess is that you would probably ask the exact same question, which in other words would be "when is the rock bottom price of the stock", which no one can ever predict...

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      Time in the market > Timing the market

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        I hope you have bought these stocks and laughing to the bank now...

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