I’ll make this very simple – if you have decades of saving and investing ahead of you, the best thing that could happen is a stock market that goes nowhere over the next ten years, allowing you to automatically buy dips in your 401(k) and accumulate your portfolio at prices that are not record highs. You cannot use or spend the money anyway. For the younger investor, the big risk in recession is that you’ll lose your job, it is not that your portfolio declines in value.
I spoke to Megan Leonhardt about how younger investors should be contextualizing the economic events of the moment. You should forward this to the young investors in your life.
Read it here:
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