Save on a consistent basis
“Part of my job as a financial advisor is to help my clients make financial decisions based on facts and their life goals rather than on their fears. This is why consistently saving and investing, in whatever amount you can, is so important. No one knows the future. No one knows for sure when the market will go up or down, so you need to save regularly no matter what short-term market changes happen. I encourage my clients to use an investment strategy called Dollar-Cost Averaging, whereby they invest according to the investment plan we develop without consideration for short-term market ups and downs. When the market is down, their savings buy stocks, bonds, and mutual funds at a lower price, and when the market is up, their savings buy those investments at a higher price. Either way, they are making regular progress on their plan toward pursuing their investment goals. If you’d like to learn more about making educated financial decisions, I’d enjoy talking with you more about your goals. You can also find more videos like this on my blog, as well as articles I’ve written, that may help you make educated choices whatever the market does.”
DISCLOSURE: Investing involves risk and the potential to lose principal. Dollar cost averaging does not ensure a profit nor guarantee against loss. Investors should consider their financial ability to continue their purchases through periods of low price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.