If you're panicking about stock market dips — or even an upcoming recession — there are a few actions you can take to quell your anxiety.
But, what if you're a child of summer — or someone who has been investing for less than a decade? What if you opened your retirement account in 2009 when the Dow Jones Industrial average dropped to a low of 6,443.27, meaning you have only watched your portfolio climb since its inception? If you're even remotely young, please trust me that these blips on the radar are going to mean almost nothing in the long-term. Why? Because, when you invest for the long-term, you should fully expect to win some and lose some as the months and years tick by. The only key to winning in the long-term is making sure you stay in the game long enough to make the most of the days when everything goes your way.
that they can stick to no matter what. Why? Because you need a plan to follow if you don't want to "wing it."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next stock market crash: 'Rich Dad, Poor Dad' author warns investors - Business InsiderThe legendary author of 'Rich Dad, Poor Dad' says he's avoiding stocks as he braces for the next market crash — and warns mom and pop investors are being set up for disaster Click bait.. LoL Im Patiently waiting because i know theres going to be one ralphesber
Source: BusinessInsider - 🏆 729. / 51 Read more »
Next recession: David Rosenberg says odds are at 80%, damage is done - Business InsiderRosenberg said the Fed's actions in recent years are consistent with policy decisions it made before previous economic downturns. $1.75 trillion US currency in circulation. The richest 400 Americans have $2.6 trillion. Ok, Im confused. How much cash does the 330,000,000 plus hard working US citizens have in their bank accounts then? What if no one wanted a private entity bank account, which isnt required? What’s famous about somebody who has been wrong more than a few times?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Here's what happened to the stock market on FridayRising fears over the coronavirus' impact on the global economy left investors dumping stocks in search of safer assets. It went down It went down The market went down, so I invested even more into the good ol'e Vanguard_Group brokerage account💰📈
Source: CNBC - 🏆 12. / 72 Read more »
Wealth tech sees sharp decline in new entrants - Business Insider - Business InsiderICYMI: After a sharp downturn in the number of emerging wealthtech startups, existing players will be forced to tweak their business models to survive:
Source: BusinessInsider - 🏆 729. / 51 Read more »
PRESENTING: The 13 consulting firms where you can earn more than $200,000 with an MBA - Business InsiderRead Business Insider's exclusive roundup of the highest-paying consulting firms in 2020. About $4,000 grand a week. Thats enough. It's a zero-sum investment. An MBA at a top school taps out at $200k which means you'd mortgage the equivalent of a small town home. If firms offer to pay for that added (though often unnecessary) education bill, it could be worth the investment, but only if they keep you.
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 stock picks to buy for huge 4Q earnings season gains: Goldman Sachs - Business InsiderGoldman Sachs crunched 35,000 earnings releases — and concluded these 10 stocks are your best bets for huge gains this season Would never trust these guys with my money.
Source: BusinessInsider - 🏆 729. / 51 Read more »