Send Me Your Money Questions for a Free Book

Send me your money questions about personal finance, investing, retirement, etc. If I pick your question and answer it here on the blog, I’ll send you a free copy of Dave Ramsey‘s book, “The Total Money Makeover”. Got Money Questions? Do you have a money question that you would love for us to tackle in our weekly blog post series “Reader’s Question”? Email us your money questions to Questions@MoneyQandA.com. If we pick your question to be featured, then we will mail you a free copy of Dave Ramsey’s book, “The Total Money Makeover” as a way of saying thanks! Do you already have a copy of Dave’s book? I don’t doubt it if you love reading about money and finances as … Read more

Global Financial Crisis – The Worst Thing You Can Do

Worst Things You Can Do In Global Financial Crisis

Worst Things You Can Do In Global Financial CrisisThe worst thing that you can do in a global financial crisis is not sticking to your plan. In 2008, we saw far too many people pull their investments out of the stock market during the recession at the lowest points.

This will lead you to selling stocks and mutual funds when prices are low and having to repurchase your investments when times are better and ultimately prices are higher. The best thing you can do is to continue on your financial plan that you established.

Worst Things You Can Do In Global Financial Crisis

A Declining Market Is Not The Time To Sell

Trying to time the stock market’s rise and fall can cost investors thousands in lost profits. Inevitability, timing the market does not work and you enter and exit the stock market at preciously the wrong time costing you profits or increasing your losses.

Not only do you have to time your exit when you are timing the stock market, but you also have to time your reentry back into the stock market as well.

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