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Fake News and Investing

September 27, 2017

 

The term fake news has become a part of our lexicon in the last year.  It is getting to the point where the term is used so often it is becoming a joke.  The other day on CNBC, I saw a stat that said 20% of millennials say they will never invest in the stock market.  Hopefully that is a grossly exaggerated number, but I’m afraid it could be true.  What would drive people to avoid the stock market?  As a financial advisor, it is difficult for me to comprehend how you can ignore investing in an asset class that has consistently outpaced inflation over time.  Generally speaking, the stock market is positive 3 out of every 4 years.  A casino would go bankrupt if they had those odds!  I understand that is using very rough numbers, and anything can happen in the stock market in a given day, month, or year.  Most years feature a 10% drop or more from a high point which that doesn’t sound like much fun as an investor (believe me it’s not).  That should not be enough to dissuade somebody who is looking to grow wealth over time from having some allocation to the stock market.  Questions like how much you should invest, which type of account you should save in, finding the right allocation to stocks, and other important specifics are best suited for a financial advisor if you find yourself not knowing where to start. 

     Right now, headlines are screaming about the market being at or near all-time highs.  As investors, now is a good time to face reality.  What goes up will come down at some point.  When you see a monthly statement, for your mental health it is best to picture your actual value as 5-10% less than where it is rather than the all-time mark because when we have a correction, it can be difficult seeing something lower than an all-time high amount in your mind.  There is a lot of information out there, make sure you consider the sources you read.  Do your best to avoid the fake news and hopefully the next time we see a correction, the 20% from the study above see it as an opportunity to become investors!

     If you are looking for a resource for market information that is regularly updated, visit https://www.offofthecharts.com/.

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