'High volatility' includes 'sharp' up days, too. Here's why it's smart to stay invested in the market

'High volatility' includes 'sharp' up days, too. Here's why it's smart to stay invested in the market

Jul 23, 2022 by CNBC

Key Facts

  • UP DAYS FOLLOW DOWN DAYS WHY STAYING THE COURSE CAN PAY OFF As a result, financial advisors recommend continuing your investing amid rough patches in the market and even increasing your contributions, if you can afford to.
  • “In a down market, every dollar you can invest goes further, with more room to grow over time,” said Rob Williams, managing director of financial planning at the Schwab Center for Financial Research.
  • If you don’t have enough cash at the ready, you risk needing to sell your stocks when they’re at a discount if you lose your job or have another sudden financial setback.
  • If you have any high interest debt, focus on paying that down prior to investing more in the market, said Bryan Stiger, a financial planner at Betterment.

Click To Read Full Article

MONEY
PERSON
SPORT/MOTORSPORT/FORMULA-1
EVENT
MISCELLANEOUS

This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2021 Kwhen Inc.

Was this content valuable for you?