- Jan 3, 2021
My children got some cash for birthdays. Logged into EE and see the gains they had (at one point around 25%) is now just under break even. Invested in S&P 500, NASDAQ and MCSI World. The Crypto one (EC10 IIRC was a nightmare one day after purchase - but anywhoo).
So wondering if I should invest now (technically at the same level last year when first investing) or waiting a bit (hoping to catch a bottom lower than current value). Of course, this money is their long term money so won't be touched for another 15-20 years at least.
If you have no intention of touching the money for at least 20 years, stay in. Even if the markets drop another 90%, which it will likely do. Eventually it will go up again. These governments cannot stay in power forever and a better one will eventually take over. But, in the highly unlikely event they do stay in power forever, the worst that could happen is that you could lose your money.