written by reader Market in Turmoil: Is it better to Invest in ETF’s like Vanguard Information Technology (VGT) and Invesco QQQ (QQQ)

By vgudipati, March 9, 2020

Given the situation that the market is in turmoil with so many uncertainties like Coronavirus, Oil war and elections, is it wise to nibble on ETF’s like VGT and QQQ in each dip going forward rather than buying individual stocks?
I’m a newbie and would like to take the advantage of the huge dips of the current stock market. It would be great if someone experienced can chime-in the pros and cons of adopting this strategy in this current market trends.

Many thanks!

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bunion132Investor Clouseauvgudipati Recent comment authors

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Investor Clouseau
Investor Clouseau

If you’re in it for the long term, that’s a perfectly sound plan. Funds build in some diversification over individual stock picking. You could go even broader, with a market index fund. I started my Roth IRA when I graduated high school with about $2,500 worth of savings bonds I had cashed in, sunk it all in VTSAX. Through college and the following years I pretty much neglected it in favor of spending money on more interesting things and then about a decade later I decided I should start contributing more seriously and much to my surprise that initial investment… Read More ยป


** IF ** the people at Stansberry Research are to be believed, they warn that the decline in the broad market has just begun and still has a long way to go, so be cautious with jumping into stocks to take advantage of the dips. Eventually, they say that precious metals — gold, silver, etc. — will be the industry to put money into. Seems logical, I guess, when one considers that the “Monopoly Money” that the gov’t will be printing more of soon will be less valuable than gold and silver which retains its intrinsic value.