Summer is almost here. And for many people, summer is synonymous with "vacation."
If you have children or grandchildren, they're most likely on vacation from school, and if you've got the time and motivation, you may take a family vacation over the next few months. But there's one part of your life that should never go on vacation - and that's your investment portfolio.
How can you keep your investments working for you in all seasons? Here are a few suggestions to consider:
Don't stop investing
If you want your investment dollars to continue working, you can't pull them out of the "work force." Unfortunately, many people try to do just that by jumping out of the financial markets when they're slumping. By doing so, these investors reason, they can avoid taking heavy losses while they bide their time until the market recovers.
But if you make a habit out of trying to avoid the market's bad days, you may end up missing some of its good ones. No one can predict when a bull market will begin, so if you're out of the market when it starts, your "vacation" from investing could prove expensive.