Sure, there’s probably plenty of time to take advantage of these prices. They may even get more attractive before all is said and done. But you can’t let fear freeze you in your tracks. You’ve got to keep looking ahead and planning for better days.
Never forget these two basic facts:
First, many of the market’s major advances have come swiftly, and without warning. And they almost always anticipate economic recovery.
Second, an all-cash portfolio will almost certainly underperform over any substantial length of time.
To be clear, now may not be the time to go “all in” on stocks or take unnecessary risks. The volatility is still a bit too high.
But I you should stick to your investment plan … continue contributing to your retirement accounts … and diversify into some core income stocks if you haven’t already done so. These prices will not last forever!
InvestingInDividends.com
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