Expert Opinion
August 25, 2020
Investing in Mutual Funds for Retirement
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It’s easy to get behind the idea of long term investing when everything is hunky-dory but, what do you do when the economy slows down? The dip in GDP and rising inflation have gotten many asking the same age-old question: How should I invest during a slowdown?
The answer is as simple as the basic principle of investing itself… think long term.
Going into a slowdown can be scary, especially if you’ve been investing without a wealth coach by your side. Though it is difficult for many to be calm during an economic slowdown, it is crucial to be composed no matter what the economic conditions may be. Broadly speaking, your investment goals, time horizon and risk appetite are things you should have assessed before investing. Assuming that those basics are in place for you, I have three key pieces of advice for you, none of which require any dramatic action. So, if you were expecting a generic call to hold or sell, that is not something I will ever propagate as a blanket statement.
Not much of a reader? Fret Not! You can also watch this episode of The Cube Wealth Show, which talks about investing during an economic slowdown.
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