You don’t want to panic when the stock market is in a slump. Remember this going into 2016, because analysts say it’s going to be a slow year.
Photo by Luxstorm.
Last week, US investment firm Vanguard sent customers an email warning about a slow 2016, and Business Insider explains why next year will be a modest one:
Based on the forecasts we’ve received so far, even the most bullish strategists expect that 2016 will be a modest year for the market. Uncertainty about how markets respond to the first interest rate hike in nine years, commodity price weakness, and slow global growth are some of the things strategists have identified as potential headwinds for stocks and earnings.
So if your savings aren’t growing very much going into 2016, remember: you should be investing for the long-term. The market corrects itself over time, and years like this are par for the course. However, this is a good time to give your portfolio a checkup and make sure you’re invested in the right percentage of stocks vs bonds. It may also be a good time to buy, since prices are low.
In general, though, this is just something to keep in mind for the coming months, and Business Insider offers more info at the link below.
Here’s what Wall Street is predicting for the stock market in 2016 [Business Insider]
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