A lot is going on in the world right now. We are still in a pandemic, war has been the talk of the town, and gas prices are crazy. Alongside that, the stock market is way down from where it was a year ago. Some people have pulled out their investments while others are figuring out what to do. The question is, is it the right time to invest? Find out the answer below.
Is It The Right Time To Invest?
For me, every day is a good day to invest. I believe in dollar-cost averaging, no matter what the market is doing. All the research and advice out there advise against trying to time the market. We do not know where the bottom is any more than we know when things will return to normal. As far as I’m concerned, some of my favorite stocks are on sale, and I am taking time to bring my average purchase price down. I will not be pulling out any of my funds, but I am not opposed to moving some money towards safer investment choices.
What Kinds Of Stocks Should You Be Looking At?
If you are worried about risks, mitigate them by choosing safer investments. Top investors advocate for choosing certain stocks during economic downturns. Some suggestions I have been looking into are government bonds and mutual funds. I have also been looking into Google and Amazon. Not only do I think they are here to stay, but their upcoming stock splits can make for a lucrative investment. Other recession-proof choices include consumer staples, energy, and healthcare.
There is never a good time to get started with investing. Something scary is always happening in the world. People will tell you that the worse is near, take out your cash, and run. But should you do that? No. Just get started. You can start with a few dollars a month or hundreds. Start where you feel comfortable, make safe choices that you have researched yourself, and let the stock market work its magic over time.
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Shatel Huntley has a Bachelor’s degree in Criminal Justice from Georgia State University. In her spare time, she works with special needs adults and travels the world. Her interests include traveling to off-the-beaten-path destinations, shopping, couponing, and saving.
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