I’m not a financial advisor, but if you’ll need to use the money you’ve invested any time soon, then please take out your money now and don’t invest in something as volatile as stocks. Otherwise if you’re investing for the next 15+ years, then trying to time the market is generally a bad idea since the market is often irrational in the short run.
Bonds are a good option right now if you have medium-low risk tolerance. Interest rates are relatively high and prices will probably be rising if this recession comes as we all expect.
Thanks for the advice. I have been looking at other savings type account including bonds. I have been shopping around as well for other financial accounts with high interest rates. My country’s banks don’t offer high interest rates unlike other countries.
I just recently got into investing so my shares are still vulnerable to huge losses (as had happened to many during April Trump tariffs).
I’m not a financial advisor, but if you’ll need to use the money you’ve invested any time soon, then please take out your money now and don’t invest in something as volatile as stocks. Otherwise if you’re investing for the next 15+ years, then trying to time the market is generally a bad idea since the market is often irrational in the short run.
Bonds are a good option right now if you have medium-low risk tolerance. Interest rates are relatively high and prices will probably be rising if this recession comes as we all expect.
Thanks for the advice. I have been looking at other savings type account including bonds. I have been shopping around as well for other financial accounts with high interest rates. My country’s banks don’t offer high interest rates unlike other countries.