Betterment
"That's because over very long periods of time, say, a retirement time horizon of over 20 years, the market generally tends to combat short-term volatility and tick upwards," said Egler. "What's more, timing the market is extremely difficult: If you stop investing now, how will you know when to start investing again? It's almost impossible to get that right."
"Obviously, no one wants to see their portfolio lose value. However, these periods of volatility are part of investing. On the point of timing the market, remember that no one is really certain when the market will have a good day, and missing out on those good days can be quite detrimental to building wealth," Egler said. "This is evident in recent history, such as the period between 1993 and 2013, where the S&P 500 had an annualized return of 9.2%.
Said Egler, "If you keep putting money in the market now, you can benefit through buying more underweight shares."These tips and a general understanding of the market made me feel better about tripling how much money I had in my brokerage account. But when it came to adding 50% more funds to my SEP IRA this year, I found myself doubting if this was the best strategy, since that money would be untouchable for over 30 years.
Crapitalism, at its best
…and get ready to BUY.
Goals for NYSE DowJones, Nasdaq Let’s do •Home-stock-trading®️ •Home-bond-buying®️. Stocks 📊📈and Treasury Bonds📜. Let’s go and let’s do this! P.S. Hedge fund managers, you will still be relevant.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »