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…
