A recession can be a scary time. The stock market might be down, businesses might be struggling, and your job might even be at risk. It can be tempting to pull your money out of the stock market and into a savings account or another investment that you perceive as being safer. However, there are actually several good reasons why you shouldn't do this.
1. The stock market always recovers eventually.
2. This could be an opportunity to buy low and sell high.
3. Getting out of the stock market could mean missing out on considerable gains.
A recession can be a difficult time, but it's important to remember that the stock market always recovers eventually. In fact, this could be an opportunity to buy low and sell high. Pulling your money out of the stock market could mean missing out on considerable gains in the long run.
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