In one word, yes! Most financial experts are saying that now is the perfect time to invest in the stock market, but you’ll need to make sure that you can handle the roller coaster ride. While the market is up and down, overall it will continue to rise. “Stick with it” is what experts are saying, meaning leave your funds in the market for three or more years.
Dollar cost averaging could be for you – the act of consistently investing in a particular security over a set interval of time. Most people like to invest every two weeks or every month when they get their paychecks. This is assuming that you have a strong emergency fund in place (to cover eight months of expenses), you’ve paid down or off your debt, and you have money flowing in (you’re still working).
If you need the money within the year, it’s best not to invest in stocks.
As always, make sure to educate yourself about your investments.
