What to do when markets fall
Posted: Tue Jan 07, 2025 5:54 am
Don't be scared by the rise and fall of the dollar or the stock market. Think carefully about what you are going to do and avoid losses.
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The fluctuations of the dollar and the economic slowdown can generate uncertainty in people, leading them to withdraw their savings from banks or their surpluses from mutual funds.
"But don't rush into things and think long-term, because if you react to the first news you may suffer losses," advises NCF Fondos, an investment instrument manager.
BEWARE OF RUMORS"On the contrary, you should take advantage of this moment to buy products at a lower price," he recommends. However, constantly saudi arabia number screening monitor your funds, since there are days when profitability goes down; but on others, it goes up.
"Don't try to guess when markets will go up or down. Depositing or withdrawing money based on rumors will not help you maximize your potential profits," he said.
OTHER GUIDELINES TO FOLLOW It is also important to diversify your funds into at least two options: fixed income (bonds, term deposits and commercial paper) and variable income: shares on the stock market.
Scotia Funds Investment Manager Paul Rebolledo says that if you are a cautious person, it is better to invest in mutual funds for three to six months, but if you are more risky, you should invest in a long-term instrument.
Similarly, he suggests that, in order to avoid exchange rate problems, you should choose an investment in the currency in which you receive your income.
HOW MUCH DO I NEED? Rebolledo recalls that there are currently mutual fund managers that offer this instrument with amounts ranging from S/.200 or US$200, although the market average is S/.500.
Image
The fluctuations of the dollar and the economic slowdown can generate uncertainty in people, leading them to withdraw their savings from banks or their surpluses from mutual funds.
"But don't rush into things and think long-term, because if you react to the first news you may suffer losses," advises NCF Fondos, an investment instrument manager.
BEWARE OF RUMORS"On the contrary, you should take advantage of this moment to buy products at a lower price," he recommends. However, constantly saudi arabia number screening monitor your funds, since there are days when profitability goes down; but on others, it goes up.
"Don't try to guess when markets will go up or down. Depositing or withdrawing money based on rumors will not help you maximize your potential profits," he said.
OTHER GUIDELINES TO FOLLOW It is also important to diversify your funds into at least two options: fixed income (bonds, term deposits and commercial paper) and variable income: shares on the stock market.
Scotia Funds Investment Manager Paul Rebolledo says that if you are a cautious person, it is better to invest in mutual funds for three to six months, but if you are more risky, you should invest in a long-term instrument.
Similarly, he suggests that, in order to avoid exchange rate problems, you should choose an investment in the currency in which you receive your income.
HOW MUCH DO I NEED? Rebolledo recalls that there are currently mutual fund managers that offer this instrument with amounts ranging from S/.200 or US$200, although the market average is S/.500.