With the volatility and uncertainty in the financial markets lately, it has had a lot of people asking what they should to with their investments. Some people are abandoning the stock market completely and sticking with cash or bonds, while others seem to be salivating at the drop in stock prices. So, what should you be doing?
For most people, the answer is simple. Nothing. If you're like most working Americans, you are probably still quite a few years from retirement, and you're plugging away by investing in your company's 401(k) every paycheck or regularly investing in an IRA. If that's the case, the recent stock market news shouldn't be of much concern because since you're still buying stocks every week, or every other week, you're buying shares at these discounted prices, which will just produce greater gains when the market recovers.
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