Head Topics

I regret investing my savings, but I'm still leaving my money alone - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

'There's privilege in being able to ride out the market fluctuations, but I'm going to try to stick with my original plan and do just that'

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.

I had been intending to transfer a portion of their savings into an investment account for months in order to get a higher rate of return. With COVID-19 market concerns in the news, investing was at the forefront of my mind. I plan to have the money invested for at least 10-15 years, so I wasn't worried about short-term market drops. I figured with prices low, it was a good time to buy.

Since I opened a general investment account, I can withdraw the money in about the same amount of time without penalty .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech incubator inside former US consulate helps cross-border startups - Business InsiderThe Bridge Accelerator Program gives companies along the US-Mexico border the skills to compete for contracts from multinational corporations.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business InsiderSubscribe to Business Insider's Telegram channel to be sent the day's top stories
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mom's Hilarious 'Hack' for Getting Kids To Leave Her Alone During Work Meetings Is BrilliantAs we all work from home while parenting our kids full time, these little 'tip' are helpful (and hysterical).
Source: CafeMom - 🏆 701. / 51 Read more »

Ryan Reynolds is About to Let Wife Blake Lively Give Him an At-Home HaircutRyan Reynolds' social distancing activities include letting wife Blake Lively give him a haircut.
Source: InStyle - 🏆 103. / 63 Read more »

Uber promised coronavirus aid, drivers say the company's not paying up - Business InsiderUber promised to pay drivers who couldn't work because of the coronavirus. But drivers say Uber has been closing their accounts after they seek sick pay, and then ignoring or rejecting their claims.
Source: BusinessInsider - 🏆 729. / 51 Read more »