Friday, 9 October 2009 13:02
Should I invest? Should I not invest? Will the market rebound in my timeframe? Should I invest only in safe money market funds or can I add some risk to my portfolio? These are questions investors ask themselves during a recovery period, such as the one we are in.
Now is probably a good time to start opening those investment account statements again. You know - the ones you have been leaving unopened since the start of the recession because you couldn’t handle the bad news statement after statement.
Stocks tend to rebound several months before economic recovery, and historically they rebound quickly. If you have money you will not need for five to ten years, this is a good time to invest it. If you haven’t done so recently, schedule a meeting with your financial advisor and look into rebalancing your portfolio or, if possible, making additional investments. Talk with your advisor about what is appropriate for your current situation and make a plan for your investment portfolio during the economic recovery.