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My opinion is we are near but maybe not at the bottom. Again opinion, but I see 2022 ending in the red but not down 22%. I think we will end the year down 10 to 15%. I think the historic run that we have had the past 15 years is going to correct. We are going to see slightly less voilital years of growth and decline.
You being young and the market doing what it is doing is actually a good thing. Volatility is good for accounts that you are contributing to. Volatility is not good for accounts, if retired, that you are taking out of.
I did not see crypto taking the hit it is taking right now. I bought in at what I thought was the low a month ago and was wrong.
The absolute worst thing you can do is sell out of the position you have right now and lock in that 30% loss. Just hold out and try not to dwell on it. Im in your age bracket and experiencing the same amount of losses. It sucks but lets ride it out!
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