facebookMillennials like me who have started investing in the past decade, how are you coping with probably the 1st bear market in our investing journey? (Covid crash was not a real bear market in my opinion) - Seedly

Tan Wee Minn

Chemical and Biomolecular Engineering at NTU

16 Jun 2022

General Investing

Millennials like me who have started investing in the past decade, how are you coping with probably the 1st bear market in our investing journey? (Covid crash was not a real bear market in my opinion)

Discussion (14)

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3 Main ways to take advantage of this bear market and how to cope.

  1. Reduce expenses (That means reducing actual spending in non-necessites and reducing your own expectations. Buying drinks outside vs drinking water etc.)
  2. Increase Income (Try to get a promotion (ask for higher salary) , start a side hustle, sell your skills (videos, podcast, coding, teaching a sport, copywriting)
  3. Invest into an index like the SPY (S&P500) if you don't know much about investing, or consider speaking to someone you trust.

Not investment advice. Market looks like it might go a lot lower(10% to 30%) given the current macroeconomic data. Data to watch : Inflation rate, Federal Reserves reaction/decision to the inflation which affects their interest rates, if QT stops or shows signs of stopping, or expectations of the data mentioned. Expectations is enough to steer the market. Everything else is just noise.

Not panicking, in fact I just fired another bullet into my portfolio with the reserve cash I have.

It's once in a long time change to buy cheap. Go supermarket see your favourite potato chips give you sale, will you be happy or sad?

Damn awesome to see a bear when i'm still young and able to see through the next bull slurp...

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