Hi /fp
Here is my conundrum. My better half and I have been pretty successful in saving up during the last 4 years. At the moment we have quite a sum to invest. Student debt paid off, and we bought an apartment 2 years ago, with 15% down payment. Other than that, no other debts.
We both make good money and we manage to save one entire salary, on average.
I've been reading a lot of guides, advice, people's submissions here, other subreddits, watching Youtube channels etc. But I cannot for the life of me decide where (& when) to put our money. Here are a few reasons why:
- I always hear the sentence 'Invest what you are prepared to lose'. What if I'm not to prepared to lose any money? I might be alone in thinking this way, and I realize this way of thinking is flawed, especially in the investing context, but our saving up requires quite a bit of sacrifice, and just losing a portion of it, or be prepared to lose it would feel like a step back from our goal.
- What is making me even more nervous now is the possibility of a recession. You read everywhere nowadays about the cyclic nature of recessions and that they appear every 8-10 years. Well, we are on the 10th year mark now, and no one really knows how the next one will look like, especially because of all the 'creative' handling (such as negative interest rates) of the aftermath of the last one. My horror scenario would be investing in a property & stocks, only for the recession to hit in a year, wiping out any gains, making me lose money, and pushing me 2-3 years (probably more), away from my goal.
I can't be the only one thinking about these things. So I guess my question isn't about where to exactly invest, but how to deal with these two questions. I hope I was articulate enough to get my point across. English is not my native language.
Thanks for hearing me out!
Submitted October 20, 2018 at 02:08PM by sup_sup_sup https://ift.tt/2CvcgDB
