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.

SOLUTION - By federal action immediately switch all US grocery stores and restaurants to delivery only. Immediately reemploy all laid off restaurant, hotel staff, etc. as delivery drivers. Utilize all existing platforms: Uber Eats, DoorDash, Postmates. AmericaAlreadyGreat J.316

United States United States Latest News, United States United States Headlines

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

Amazon drivers beg customers to stay inside during deliveries - Business Insider'Don't come out to greet me': Some Amazon drivers beg customers to stay inside during deliveries as they are pushed to the front lines of the coronavirus crisis
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why I invested my daughters' savings on one of the market's worst days - Business Insider'Since I was planning on opening the account anyway, buying stocks at a bargain price seemed like a great idea.' Menarik sekali artikelnya 😌
Source: BusinessInsider - 🏆 729. / 51 Read more »

Credit card issuers offering financial assistance due to coronavirus - Business InsiderIf the coronavirus has put a strain on your finances, reach out to your credit card issuer to see what options are available to you.
Source: BusinessInsider - 🏆 729. / 51 Read more »

What to do with emergency savings if high-yield savings rate is low - Business InsiderThe Fed's interest rate cuts have sent APYs on high-yield savings accounts to new lows. So should you leave your money alone? Or move it elsewhere?
Source: BusinessInsider - 🏆 729. / 51 Read more »

15 bourbons that should be on your radar, according to 3 bourbon experts - Business Insider'All bourbons are whiskey, but not all whiskeys are bourbon.' Three bourbon masters told Business Insider what bourbons were the best. Gillian_Brassil ellcasad0 mustafaekeke
Source: BusinessInsider - 🏆 729. / 51 Read more »

14 Fashion Insiders on the Best Strapless Bras on the Market\u201cTo be honest, my favorite strapless bra is no bra, however, when I absolutely have to wear one my go-to is the Commando Bandaeu Bra. It has been a lifesaver one too many times for me. It's the perfect combination of comfort and functional. I actually have three of the same one!\u201d Adrienne Faurote, Powers PR
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »