I’m less than educated about the stock market and how it affects the rest of our finances. I don’t own any, and my hubby just started investing for retirement by doing a 3% match at work. If the stock market tanks, what does it mean for prices in retail, gas, utilities? Or does it do anything?
My unsolicited $0.02?
The market goes up, and the market goes down. Over the long haul - which is what you should be thinking about - it always goes up.
There are plenty of FReepers who have been predicting doom and gloom for the past ...... Well, forever. Plenty of pundits doing the same. Meanwhile, the market more than doubled off its lows in 2008-09. So, when there is a minor setback, all the doom and gloomers will jump up and down, and point, and say. “See! See! I TOLD you!”
Buy good companies, diversify, and plan for the long haul. Things will be fine. If anything, a setback like this is a good buying opportunity.
Good for you! It means you will be buying more stock for the same amount of dollars. If you are getting a match from his employer, even better. The folks who have been in the markets for the past few years have made good profits and they are trying to protect those profits by selling now and re-entering later at a lower price.