As I recently flew within the domestic US last week, I was pleasantly surprised to see only a couple of people wearing masks within the airports I visited. Even though the news has gotten worse and there's now a fatality within the USA, I find it hard to imagine that the whole world is going to come crashing down. The tourism industry will definitely be taking a hit, but people still need to eat, a place to stay, transportation to get to work, etc.
Nobody knows how bad it'll be, but now's the best time to get a mortgage, re-finance, or start investing in the market with all this downturn. I recently attended a talk and read an article where "on average" every dollar invested in the market will double in 10 years. So if the market tanks further in the next couple of weeks or months, and you've saved up a sizable cash cushion that you don't currently need, why not invest? It's definitely a hard thing to do cause because nobody knows how bad this current drop can be and nobody likes losing money, but just remember that the 2008 drop was about 50% as a worst case scenario. If the market tanks down to that level of percentage again, it could definitely be worth the gamble to wade back into the market. Here's a photo showing how the bulls always win over bears long term.
0 Comments
Leave a Reply. |
Categories
All
Archives
March 2021
Let's Save Time and Money.
Disclaimer: Articles from this site are simply experiences from the author and are simply to start discussion. Your decisions are yours alone. We are not responsible for your actions or what may happen if you decide to follow advice on the website. |
Photos used under Creative Commons from complexsearch, quinn.anya, foundin_a_attic, Mike Licht, NotionsCapital.com, Carlos ZGZ, www.hickey-fry.com, Andrew Stawarz, dejankrsmanovic, Maria Eklind, [SiK-photo], Porto Bay Trade, Stefans02, Alan Light, investmentzen, Prayitno / Thank you for (11 millions +) views, mcortez121, supportcaringllc