Welcome back to the more you learn the more you earn. No excuses, but life has been absolutely crazy over these past months. With all of this panic about Covid-19, many people have been asking if this is a good time to invest. The answer might not be the same for all of my readers. This is an answer that depends on your risk tolerance. But for new investors, with stocks lower than they have been for a long time, this feeds into the age old saying, “Buy low and sell high”.
In another article I read, the writer could not stress enough how important it was not to buy into the panic that the masses are feeding into. An interesting statistic that the writer brought up was that people with substantial assets (>$100,000) worry less about short term fluctuations than people with less that $100,000 in assets. One more piece of information for my statistics people is that investors that receive no news on their stock perform better than those who are stuck on the financial information websites. What I want you to take away from this is not to be so easily influenced with what everyone else is saying. It is good to get ideas from these websites but it would be foolish to just go in blind because John Doe on the internet told you to. Do not buy a stock just because it has gone up and on the flip side, do not sell just because it has dropped. How a stock performs in the short term has nothing to do with how it will perform over the long term.
Be sure to let me know what topics you would like covered as well as what material
you are looking at on your own. As always, thank you for reading and stay blessed.
This blog post was inspired by information found at
https://www.thesimpledollar.com/investing/investing-during-coronavirus-covid-19
https://www.getrichslowly.org/what-to-do-when-the-stock-market-crashes/
The More You Learn The More You Earn 