6 Ways Investors Can Seize the Moment During the Pandemic
by Andrew Greer, CFP®, Senior Wealth Adviser, Hobart Financial Group
May 20, 2020
4 minutes
These are anxious times for investors -- both young and old.
For younger investors, who've been happily watching their savings grow during an 11-year bull market, this may be their first time experiencing a crash and the accompanying fears of a recession. For those nearing retirement or who are already there, a turbulent market could diminish their nest egg and leave a giant hole in their income plan.
Some will flee the market as it plummets -- or sit and do nothing. If forced to choose, I often feel that the latter is the better choice of those two options. Investors who sell during a panic with the idea of getting back in when things improve may miss out on the market's best days.
You’re reading a preview, subscribe to read more.
Start your free 30 days