Following the themes of inflation of 2022, the remainder of 2023 looks to be heading toward a turning point, producing a more favorable market performance, according to Edward Jones. As investors we can’t control the volatility of the stock market, but we can control how we react and local Financial Advisor Ryan Painter explains it is always a good time to invest:
“It is always a good time to invest and when you have the money available, that is the best time to invest because if you try to wait around until the absolute perfect timing, which nobody can do perfectly, you will inevitable either miss it, or you will spend the money before you have time to actually invest it. It is better when you have the money, be consistent with your approach, be systematic about it, if you can put in a monthly way or even if you have a lump sum that you want to invest, we call it dollar cost averaging, you can put a little bit in over the course of a couple months when you are not really sure what is going on, but it is better to do that then to try and time the market.”
With stocks and bonds currently down, Painter informs buying at a time like this, you will make money in the long run.
