This week especially I have received questions and have seen countless Facebook posts asking if “now was the time to get out of the stock market”. So I think it’s time we address this oft asked question to hopefully help decrease fear and avoid some of these costly mistakes. So to start out, the majority of us are and should be long term investors. Meaning, we have a retirement goal set for 10, 20, 30 years into the future. If you are a short term investor, you are either beginning the transition to retiring soon which usually equates to moving more towards bonds or you are gambling. Market Timing (i.e.…
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How to Handle a Stock Market Crash: A Complete Guide
Do Nothing. I guess I will expand a little bit more. But the above is the best advice you are going to find on the internet, I promise you that. And with far less words, but if you insist on reading on we can break down this sound advice further. I previously had another article planned for this week, but in light of this week’s stock market drop/”dooms day” I pivoted to an article that I have been wanting to write for awhile now. Market Fear For reference, on Monday there was a large dip in the the stock market. The Dow Jones which is an index that tracks the…
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2020 Goals
2019 has come and gone and for really no apparent reason, I feel that I have been waiting for 2020 for a long time. I was too young to appreciate 2000 and the rest of the years in between didn’t quite seem to have the appeal that 2020 did. I’m not sure if it’s because it’s an election year so 2020 is posted everywhere or if it’s because 20/20 eyesight is good so therefor one could deduct the year would be good too. I’m not sure, but regardless, I’m excited to bring on the year! The Importance of Goal Writing I think by now everyone knows how strongly I feel…
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Do I Need an Emergency Fund?
Emergency funds are a highly debated topic amongst the financial community and one that shouldn’t be taken lightly. So where should you stand on the matter? I personally feel that having an emergency fund set aside for a disaster is important, especially if you have dependents, but I disagree with where this money should be kept. So let’s start from the beginning and break it down so you can come to your own conclusion based on your unique circumstances. So what is an Emergency Fund? An emergency fund is liquid cash being available to use in case of a financial emergency such as home/car repairs, medical bills, or a period…
