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But its also a good time to make somestrategic money moves.
If youre not sure which money moves to make, youre in the right place.
Hes all about investing now rather than later, and he advised his viewers to do the same.
Citing historic and recent data, he indicated how now could be a good time toinvest in stocks.
But dont stop at mutual funds.
According to Ramsey, real estate could be another good investment to consider.
In that article, she went into detail about purchasing CDs and why you should do it right now.
And I mean right now!
The Fed, however, has been talking about cutting this rate.
If this happens, it could result in lower yields.
No matter what year it is, experts everywhere advise against trying to time the market.
If youre trying to build wealth or plan for retirement, stick with your investments for the long haul.
Remember, retirement investing is a marathon, not a sprint, he wrote.
you should probably approach it as a long-term process.
… Dont focus on day-to-day or month-to-month losses.
Take a step back and look at the big picture.
Hang on to your mutual funds through rough markets.
When they rebound, youll be glad you did.
That said, Ramsey recommends ensuring youre financially prepared to buy a home.
This means building up an emergency fund and, ideally, avoiding other debts.
He also recommended having a 20% down payment to avoidprivate mortgage insurance.
If youre a first-time buyer, he suggested having 5% to 10% down instead.
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