As you may know, the Dow Jones dropped more than 1,000 points last week.
This had Wall Street running like headless chickens.
Should we panic? Are we close to the next big crash?
However, what does that mean? Why should we care if we don't invest in the market?
Moreover, if we do, with more reasons we should continue reading this.
Well, to clarify, this is the 2nd time this year that the market dropped over 1000 points. It happened back in February.
The reality is that when the market goes up in a straight line, there has to be a time of correction.
The market goes up steadily and slowly, but the corrections can happen erratically and rapidly.
This is when financial education becomes essential.
Because we want to make money and grow our money, but for sure we do NOT want to lose it.
The problem is that there is so much information out there that we get all confused about what is right and what it is not.
And at the same time, there is such a lack of information
However, there is something very crucial that remains; we need to know how to manage our finances, grow our income and invest it in accounts that give us a reasonable rate of return at very low risk.
One of the reasons this is happening is due to the steady increase in interest rates. If companies have to pay more to borrow money, it lowers the profits.
Also, when interest rates rise, investors move their money to a safer place, like in PPLIs.
If they can make money on something that is low risk and insured while keeping it in the stock market?
The third reason is when interest rise that makes the dollar stronger making US products higher in price, hurting the sales market.
Knowing all of these can help you.
Now, what do all of these means to us?
This is just a quick reminder that the market is cyclical, and it will go up, and it will go down.
If we don't get financially educated, and learn what to do to grow our money, then we are at risk to lose it.
Also, if you instead keep it in the bank or put under the mattress, don't think that you are protected.
You might not be losing money, but you are not growing your money either.
This can drastically affect your financial future.
Therefore, get informed. Get educated about your options.
Just click here and set up a time to talk further.
Remember, "Financial Education Is The Path To Freedom"
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