Have you looked at the stock market lately?!?!
If you feel like you are behind on investing for retirement, this is a great opportunity to catch up.
If you love a bargain, this is a great time to buy.
If you want something that will outperform inflation in the upcoming years, the stock market, overall, has historically done that (disclaimer: individual stocks may or may not outperform inflation).
If you have ever wanted to try it, but thought it was too expensive or only for “rich people”, you thought wrong. Anyone can invest. You can get started for less than $5 and be up and running in just a couple hours.
They say millionaires are made in recessions.
We are not quite in a recession yet, but indicators point toward that happening in early 2023- just six months from now.
This is a perfect time to position yourself for financial success.
Take a look at these two graphs. Both are of the S&P 500, but most stock indexes are following this same pattern.
The first one (in red) shows the last six months. It looks pretty dismal, like it peaked six months ago and is going to never recover.
But, if you look at the second one (in green), you can see the performance going back to 1982. You can see how it lost almost half its value in the 2008-2009 recession, only to more than triple its previous high over then next decade or so.
The bottom line?
If you have been wanting to start… start.
If you are currently invested… unless you feel an individual company is not going to recover, hold. Otherwise, buy.
If you are not sure… do something, even if it is a little something. Baby steps are better than standing still.
If you are completely overwhelmed… ask questions (the free How To Be A Money Master fb group is perfect for that), purchase my mini e-course (Effortless Investing), and/or do a little more research. There are plenty of resources out there!
As always, never invest more than you can afford to lose. While there are gains to be made, there is always the risk you could lose your investment.
Bonus: in the USA, stocks held over one year are subject to capital gains tax, which tends to be lower than regular income taxes.
I am looking to chat with eight more established female entrepreneurs for research on how I can best help you prepare for the anticipated recession. If you have not volunteered yet and would be willing to help, please email me. Thanks!