My portfolio was down 33% in 2008. That loss was quickly reversed with the 8% on average returns over the last 10 years.
You can’t time the market. Keep buying stocks like they will continue to go up, at the end of the day, if the market crashes and values tank, it’s no big deal. Keep holding your stocks, they will recover, in fact buy while everything is super cheap. If you would have bought back in 09-10 when everything was cheap you would have made mad money like me.
If you are hoarding cash right now, do so with the intent to buy in the next major crash, whenever that is.
Just keep investing, entering at age 30 you are late to the game and need to make up for lost time.
You don’t “lose” until you sell, even if your parents lost value in 09 they would have recovered it all and more after a few years.
I'm one of these people that's sitting on more cash than stocks at this point, by about 4x, but I'm starting to question this choice.
If you invested in 1914 German stock market, it didn't recover until 2014.
Personally, I don't see much upside left in equities for next year or two, but I'm a perma-bear and have been wrong many times before :D
Plus there's not a lot of easy places to stuff money at the moment, hence big investors sitting on piles of cash.