Prashad posted:If the market drops it's a good time to pick up some quality stocks. I only buy bargain basement technology stocks that have stable patients.A few years ago I picked up Nokia at $2 a share because of their patients. If I get another bargain basement technology stock with stable patients then I will pick it up.
While you are waiting for the market to drop you are losing on the gains the market is making. Nobody knows for sure when the correction will occur. It will happen, but when? If you waited 3 years for the market to tank while holding $50k in a savings account paying almost nothing then you missed three years of gains. If the market corrects and plummets 15% you are still ahead if you had invested and earned 20%. Market timing is difficult to do. You are better off putting away in that common dollar cost averaging method and you will do just fine.