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.

“Always.”

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside an American coronavirus containment zone, business anxiety is spreadingSome businesses in an American coronavirus containment zone are planning to shut their locations for at least two weeks. That's a tough pill to swallow for many small businesses, which notoriously operate on razor-thin margins. But they may have no choice. Two weeks isn't long enough ... a month is a better time. 😩 That’s all of Iran right now.
Source: CNN - 🏆 4. / 95 Read more »

Why I invested $10,000 in the stock market during one of its darkest days - Business InsiderI keep investing around the same amount every month, and it's nice to not have to worry whether my timing is good or bad Im sorry but monstera on the pic is dying due to drought, can someone save it Commissions, commissions...
Source: BusinessInsider - 🏆 729. / 51 Read more »

A guided meditation helped calm my stock market drop fears - Business InsiderA guided meditation from financial expert JL Collins helped her step away from her investment account and ignore the market until conditions improve. Guided meditation is myth..
Source: BusinessInsider - 🏆 729. / 51 Read more »

Expert: Effects of colleges moving classes online for coronavirus - Business InsiderColleges across the US are moving online amid the coronavirus pandemic. Here's what that means for students and instructors, according to an expert. (via ConversationUS)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bitcoin has tanked 50% in just 2 days amid coronavirus market panic - Business InsiderThe popular digital coin is losing some of its appeal as a safe-haven asset during its epic sell-off. Watching the Millennials panic. In similar news- credit card debt & bankruptcy skyrockets among millennials Why? How does a cold/flu do this?
Source: BusinessInsider - 🏆 729. / 51 Read more »