It should be mentioned that although investing consistently is the best way to keep your retirement plans on track, not everyone should be investing in the stock market right now. What if you can't afford to invest right now? Every year counts, and if you hold off on investing right now, you can't get the time back later. Although saving for retirement takes decades, that's not very much time when you need to save hundreds of thousands of dollars (or more). If you press pause on saving for retirement, you're not only missing out on the opportunity to buy when stock prices are lower, but you're also losing valuable time. Then when the market inevitably recovers and stock prices skyrocket in value, you'll see significant investment gains. ![]() Recessions are actually one of the best times to invest, because when stock prices are lower you can get more for your money. ![]() The stock market may be volatile now, but historically the market has always stabilized itself and bounced back after each downturn. For that reason, one of the best things you can do to keep your retirement on track is to stay the course and keep investing.
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