January 21, 2019
I have said this over and over again, but I really think it bears repeating.
When the stock market goes down we all get scared. But, as soon as it goes up for a day or two, we want to believe and hope that the downward trend is over. May I say, “hope” is not a financial plan.
Any money you need within the next three years should not be invested in the stock market.
Money needed for what? To buy a new car, put a down payment on a home, pay off your student loans, or allow you to retire. Keep that money in a safe place like a high yielding savings account or in certificates of deposit (CDs). Don’t invest that money in the market.