Global stock markets plunge due to global uncertainty and fear, affecting US jobs report and consumer price index data.
Global stock markets have plunged due to global uncertainty and fear, causing a slowdown in the US jobs report and conflicting consumer price index data. Financial expert Don Miller advises against panic-selling investments, such as 401(k)s, as markets will recover in the long run. Instead, he recommends viewing the current situation as an opportunity to invest in retirement plans at lower buy-in points. Despite market volatility, investors should maintain a long-term financial plan, stay diversified, and avoid panic-selling to avoid losing out on potential future gains during market recoveries.
August 05, 2024
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