History repeats, roaring 20’s continue

Jul 12

Quick history recap, history doesn’t repeat but, it often rhymes. From the 1917 peak to the 1920’s bottom price dropped around 46% sounds familiar? After the bottom in the 20’s price boomed over 500% up until the 1930’s. If you bought in July of 1924 (exactly 100 years ago) price went up another 200%+ before the Great Depression. We don’t know the future and we don’t know when the next big drop will be (or if it’ll be) but, all we should do is maximize gains until then. If we continue on the current uptrend that we’re in and until the market shows signs of reversal (which were shown in the last century) it’s best we keep dollar cost averaging during dips. Don't put all your coins in one basket and don’t put them all in right away. Everyone is expecting a crash but, it might not come for a long long long time…