5 financial experts convinced me to invest while the market is low - Business Insider

But before I put myself at what could be a major financial risk I wanted to make sure I was making the right move andHere's what five financial experts told me before I cashed out my savings and put it into the market this week.Since I'm relatively new to the stock market game, I've never had the opportunity to invest in the market when it was really down. While I've heard in passing that it could be good to pour money into a declining market, I never understood why.

Chen said it might be tempting to wait to see if prices drop even more, but there's a risk associated with that thought process. "Before coronavirus, there was 9/11, SARS, the dotcom bubble, the Great Recession; the list goes on," said Machen. "Through past crises, the downward market has lasted days, months, or some years; however, it always sharply rebounded and rewarded the patient investors in the end."One of the first questions every financial expert asked me was when I was hoping to use the money or the returns from my investments.

"When building a long-term financial plan, periods of market volatility are always factored in," said Friday. "Even though market volatility can sometimes be extreme, investing on a longer time horizon is the best strategy, as the market has a tendency to move higher and volatility dampens. That is what makesso powerful — you buy shares on a consistent basis over a long period of time.

Well then buddy, this is your lucky day! Buy large cap stock index funds. You'll thank me later.

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