I'm using the market drop to boost my retirement savings at a discount - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

'I'm making sure that I have enough cash on hand for emergencies and unemployment, but past that, I'm trying to find the silver lining'

Rather than focus on the setback my already very humble retirement savings is experiencing, I've chosen to look at the bright side: stocks are cheaper right now, so it might be the best time to invest even more. I'm using my investment opportunity fund to do so.An investment opportunity fund is cash that you keep on hand ready to be invested when an opportunity arises. This could involve purchasing a property, starting a business, or investing in the stock market when it's down.

The stock market started to fall in February shortly after the coronavirus pandemic began to take off, and it's still falling. For some, it might feel like the worst time to invest. After all, there's a lot of economic uncertainty in the air, and given that businesses are likely to remain closed for a while and have difficulties recovering, we probably haven't seen the worst of it yet.Stocks are basically being sold at a steep discount right now.

On top of that, I already have a year's worth of living expenses saved in an emergency fund, which I keep in a

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

I regret investing my savings, but I'm still leaving my money alone - Business InsiderShe invested $2,000 of her daughters' savings the day the market dropped 8% and wishes she'd kept the cash, but she's still leaving it invested.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

These are the emoji people are using in their coronavirus tweets - Business InsiderThey found that the microbe and face with medical mask emoji saw a huge usage increase in tweets about the coronavirus. emoji is plural?!
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Homemade mask using hydro knit shop towel filters better - Business InsiderUsing blue shop towels in homemade face masks can filter particles 2x to 3x better than cotton, three clothing designers discover after testing dozens of fabrics Thank you for the clarification! 🌸 techinsider Same , as shower . Curtain 👍🏽 techinsider The mask looks like halyard sheet: masks from halyard sheets, used to drape patients and toss, that are 99% effective in blocking micro-particles, more than n95 masks.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Stock market news today: Dow, S&P fall amid COVID-19 death projections - Business InsiderInvestors were rattled by Trump telling Americans to brace for a 'very, very painful two weeks' during an address on Tuesday. Maybe Trump isn't as smart (or honest) as he pretends to be... I'd suggest he's overstating the figure so he can look the hero when it's thousands less. Investors are ridiculous. I’m beginning to think Trump shorted the market & profits every time he opens his mouth & it falls. STF up already Trump. 👁’m staying invested.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

With Rappers Stuck at Home, the Hip-Hop Features Market Is Booming: 'Everybody's Offering Discounts'“The most understated commodity of this craziness right now is the barter-and-trade for features,” says one A&R They know their time is coming... Tick ToQ.. Nicki queen of features . Maybe they can come up with a different beat already.
Källa: RollingStone - 🏆 483. / 51 Läs mer »