This week the markets took a hit. If you’ve been in the markets for a while through a 401(K), pension, or investment account you no doubt feel the hit and the way things are looking, there is no end in sight.
We are in for a rocky ride (for a while).
But as Newton’s 3rd Law states, if the stock market is down, somewhere, an investment is up!
You just have to find it. Gold will be moving up even higher for a while as it is the go to safe haven for finance. Bonds usually do the same.
There are even sectors of the stock market that are increasing or not falling as much as others.
Depending where you are in your investment lifecycle, this is a major hit or an economic opportunity.
If you are a new investor, a down market could be the source of the greatest growth you will ever encounter in your investment career (you have nowhere to go but up)!
I personally took a major hit in 2008. But in 2009 I started buying McDonald’s for my kids (on sale at around $50 a share).
Same household, two different market effects.
-Monk
We spend 12 – 20 years in school learning about every subject, except for money. Then we spend the rest of our lives trying to figure out how to make money or how to grow the money we have.
My approach to financial literacy is to teach it in a way that makes the complexities of finance so simple that your investing actions become instinctive.
To the youth, young adults, and the mothers who raise them,
Financial Literacy: Monk Says… Learn the Game
#FinancialLiteracy
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#Newtons3rdLaw