This. I knew better and still tried to play games last March/April and I'm ~5-10% poorer for my efforts.
Look back at "The Great Recession", had you bought anything, anytime between 2006-2012, you're better off today (Assuming you stayed employed and were not over-leveraged).
This is different from HODL-ing. If you double your money in a few hours, you were probably gambling and you should look for a less volatile asset to move into while you're ahead.
Money should flow to things in roughly this order: Max out your employer match, pay off high interest debt, Fully fund your Roth IRA, continue to try to max out traditional 401k then modify contributions to Roth 401k as you can afford. Once you're saving that ~24k per year and are debt free, then look to retail investing, paying off a car/home early.
If you aren't in a home but will want to be, there is some truth to the housing ladder and home equity is no joke. But remember home ownership isn't an investment, it is a lifestyle.
Can you say more about what you mean about home ownership being a lifestyle as opposed to an investment?
I'm guessing what you mean is that houses require upkeep and they also come with certain benefits (e.g. more freedom with what you do with the house), but I'm wondering if you meant something different?
Look back at "The Great Recession", had you bought anything, anytime between 2006-2012, you're better off today (Assuming you stayed employed and were not over-leveraged).
This is different from HODL-ing. If you double your money in a few hours, you were probably gambling and you should look for a less volatile asset to move into while you're ahead.
Money should flow to things in roughly this order: Max out your employer match, pay off high interest debt, Fully fund your Roth IRA, continue to try to max out traditional 401k then modify contributions to Roth 401k as you can afford. Once you're saving that ~24k per year and are debt free, then look to retail investing, paying off a car/home early.
If you aren't in a home but will want to be, there is some truth to the housing ladder and home equity is no joke. But remember home ownership isn't an investment, it is a lifestyle.