Stock Market Investing
I think all of us know by now that the Stock market in drastically down. I personally am down 40% in my Roth IRA. I have been watching many so called financial gurus starting to advice a pull out of the market and spilt your money throughout safer investments like bonds and Cd’s.
As hard as it is to watch your investment shrinks, it is not the time to panic. Over the course of the Stock Market there has never been a loss over any ten year period. Investing in the market should be for five years or more so this should not be an issue. If you pull out now when it is down, you will fail to regain your losses and any potential profit.
Investing in the Stock Market should be for long term and should be done in Aggressive Mutual funds not individual stocks. Day trading is STUPID! If you have invested properly, you should do nothing but continue to do what you have been doing. Do you really thing all these companies are now worth 60% or less of what they once were? No, they are not. The market may sink a little further but it will recover and when it does, the profits and returns that are historic of the Market will return.
True financial wizards should not panic during times like these. If your financial person is suggesting pulling your money out of the Stock Market, I would find another financial adviser. If you are doing regular investing for long term goals, most of your losses will be flatten from cost averaging alone. Be smart and stick with your long term goals and do not panic.
This is advice free of charge! Others who are trying to convince you to pull out of the Market are trying to make a buck off your fear. Feel free to ask a question or leave a comment about this post!
