[ad_1]
It is a good time to get involved in the market, and it can be a safe time to buy because prices are not at an all-time high.
We think it’s a safe time to buy when stocks are going up. But stocks do not go up forever… so if you’re buying at the stocks all-time high price, you’re less likely to make more. Buying stocks at their lowest price gives you more room to make money.
With the recession and inflation, it’s a good time to invest because we are able to get stock at a lower price. Amazon and Google’s stock prices have been cut in half lately. It’s unlikely they’ll be cut in half again… can you imagine Google stock down 75%?
It’s also unlikely Amazon or Google will go down to $0 – this would mean they are going out of business. Buying now, it’s less likely the stocks will go lower but highly likely the stocks will go higher once the inflation period is over.
At the end of the day, retirement is a game plan. 30 or 60 days of the market being up or down won’t change the plan you’ve made. Your retirement is a result of the planning you’ve been doing for the last 15-30 years.
Now that inflation and layoffs are here, there aren’t too many things you can change after 30 years of planning in just 6-12 months. Sometimes the best modification is just changing your lifestyle and spending habits if you didn’t account for extra costs due to inflation.
[ad_2]
Image and article originally from thebrownreport.com. Read the original article here.