Coronavirus – What Should Investors Consider?
I write this after hours on Monday, February 24. The Dow Jones Industrial Average (Dow) fell 1,031.61 today, its third-largest daily point drop ever. The sell-off was generated by fears about the impact coronavirus might have on our global economy, and therefore our global markets.
Market Volatility Makes “Obvious” Investing Hard To Do
Investment wisdom like “buy low, sell high” seems obvious. But market volatility makes it hard to achieve, tempting us to instead chase trends (buy high) and flee frights (sell low). For wiser, simpler investing, here are two insights to keep in mind about market volatility.
The Triple Power of Auto-Investing
Do you auto-invest? Auto-investing is having a set, recurring amount of money taken out of your salary or savings, and automatically invested for you. For example, you are auto-investing if you are having a set amount deducted from each paycheck and invested in your company retirement plan. Or you may have set up an automatic transfer from your checking account into an IRA, brokerage account, or 529 college saving plan.