3 Ways to Keep Investing Even When You're Scared
There's been a lot of turbulence lately in the stock market, with indexes soaring to new record highs only to hit big air pockets that send them plunging again. With global issues like the COVID-19 outbreak adding to existing geopolitical and macroeconomic worries, there's a lot for investors to keep in mind.
Even when times are tough, it's important to stick with an investing plan. But that doesn't mean you need to be a superhero with your portfolio. To help you calm your nerves, here are three things you can consider to help you take advantage of turbulent markets while staying in your natural comfort zone.
If you have a lot of cash on the sidelines and want to put some of it to work, then jumping in right after a big down move can a great thing to do. However, nobody wants to invest all of their available cash only to see the market keep on falling even further. There are a lot more shallow corrections than full-blown bear markets, but the psychological impact of being wrong can be even more damaging to your investing plan than missing out on the full profits from investing right at a bottom.
Source Fool.com
