Beginners: Don’t Wait for a Selloff. Make This Smart Investing Move Instead
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The appetite for speculation has really picked up over the past several months, making it tough on beginners looking to enter the markets. There’s a speculative frenzy in Bitcoin, meme stocks, SPACs (Special Purpose Acquisition Vehicles), EV stocks, IPOs, NFTs (Non-Fungible Tokens), and all the sort. Indeed, the environment rhymes with that of the late 1990s, when rampant speculation became a hobby through the eyes of many inexperienced newcomers lured by the hopes of striking it rich over the near term.
Although this market seems like it’s going to fall off another cliff, as it did 22 years ago, I’d argue that although this market rhymes with the late 1990s, we’re not due for a repeat.