Whether you are investing in stocks, mutual funds, money market, UITF, bonds, real estate, or businesses, you must never stop investing regularly. This is not the time for you to sell or pull out your investments. Your investing journey should continue if you want to grow your money in the coming months. Don’t let the pandemic stop your dream of becoming successful in the future. Remember your goals when you started opening your investment account. Use your list to be motivated at times like this. And to add inspirations, here are some of the considerations why you should increase your investments during a crisis.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
Investments become affordable at times like this. Since there are a lot of investors who are selling their investments for a lower price, use this opportunity to buy more. But, I’m not saying that you should get all the low valued investments. Just continue what you are regularly doing with your investments. If you are buying a money market every month, don’t stop. For sure, there are changes in the price when you buy and if you let the market recover after some months, your money will surely earn more.
The crisis is temporary and the market will eventually recover. If you will continue to invest regularly, you won’t be badly hit at the end of the crisis. Stick to your plans to regularly add money to your investment account. Remember your goals. Stay motivated and look forward to the recovery of the market. Grow your money by investing more. Do not make withdrawals just because you need money for emergencies. At this time, you should have your own emergency funds to cover your expenses. You shouldn’t use your investments.
Increasing your investment at times like this is ideal because you have more time to study the market. Although it’s very volatile, you have all the time to learn, re-arrange your plans, and eventually make your own strategies that will counteract the effect of the pandemic. Pulling out your investments is not the answer. What you have to do this time is to gain more knowledge and be aware of what to do so you won’t lose money. The more you think about withdrawing your investments, the more you are drifting away from your investment goals.