Here’s What You Should Do in a Market Dip

Also: What Is a Gold IRA?
͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
September 13, 2022
Retire with Money

It’s really hard to talk about retirement planning without talking about investing. Because  interest rates on even high-yield savings accounts won’t help your money keep pace with inflation, the only real way to grow your money is to invest it.

Any talk about investing generally leads pretty naturally into thinking of ways to beat the stock market. Day trade? Pick the right stocks? Buy and hold? Buying the dip is a perennial favorite, and for good reason. After all, you’re buying on sale, right? It’s the first part of that investing chestnut: buy low, sell high.

Buying the dip flies in the face of dollar-cost averaging — which basically says a strategy of consistently and steadily dripping your money into the market is the best way to go. Looking for opportunities in a down market, on the other hand, says, “I see a bargain and I’m grabbing it! I CAN time the market!” While there’s nothing wrong with snatching up a good deal, you can’t accurately time the market.

It’s good to remember how Warren Buffett and the other Berkshire Hathaway executives make market decisions: “We’ve not been good at timing [the market],” Buffett said at his annual shareholders meeting in April. Instead, he likes to research a company and buy based on performance and the company’s value relative to its price. (Uncomfortable aside here: Buffett admits that he lost billions of dollars by not buying stocks at bargain basement prices in March 2020.)

For more, see what reporter Mallika Mitra says about the pros and cons of buying the dip lately, and how this method stacks up against other investing approaches.

— Jill Cornfield, deputy editor

P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue.

 

Timely Retirement News, Insights and Advice

 

Learn everything you need to know about gold IRAs in this guide, including how to open one, how to fund it and why you might want to invest some of your nest egg in precious metals using this method.

 

In a time of high inflation, shaky markets and economic uncertainty, many consumers see credit cards with no annual fees as the best value. But premium rewards are still attractive. That’s why American Express, known for cards with high fees and great perks, has again been named the top overall card issuer in a recent study on customer satisfaction with credit cards.

 

For the first time in nearly 18 months, the average U.S. home is selling for less than its list price, according to recent data from Redfin. The average sale-to-list-price ratio dropped to 99.8% over the four weeks ending on Aug. 28 after consistently hovering above 100% since March 2021.

 

Many Americans are wondering who really benefits from the president’s plan to wipe out broad swaths of student loan debt. The plan will provide federal student loan forgiveness of up to $10,000 for borrowers who earn less than $125,000 as well as a surprise provision: up to $20,000 of forgiveness for borrowers who received a need-based Pell Grant during their time in college.

 

Retirement News From Around the Web

 

When It Pays to Have a Mortgage in Retirement — and When It Doesn’t
THE WALL STREET JOURNAL

 

6 More States End Taxes on Military Retirement Benefits
MILITARY.COM

 

Your Zodiac Sign Could Help You Pick Your Perfect Retirement City
BEST LIFE

 

The Lies Told About Early Retirement (podcast)
AFFORD ANYTHING
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