So Should I Invest? Here's how to work out the answer.
You see, the performance of the stock market's wasn't very good in 2002. Sure, consumers kept spending, and house prices kept on going up, up, up. But the equity markets were all over the shop. In late September, those same markets hit a six-year low and we're now in a third consecutive year of losses. This hasn't happened since 1947 and it's been the same throughout many of the world's stock markets.
And guess what? It might all go pear-shaped again in the future. So you'd have to be an idiot to start a new investment when its pear-shaped right?
Wrong. There's a whole host of reasons why you should. Not least, you stand to make a packet in the future when the stock market goes back up.
Time for some handy tips probably.
Number 1
Stay cool, calm and collected (yep, it's obvious, but it's important).
Number 2
Base all your decisions on your own goals and circumstances.
Number 3
Never invest lightly.