The big financial crisis of 2008 scared many investors away from many money markets, and unfortunately the majority of them are continuing to play it safe. While their investments won’t suffer anytime soon, they also won’t be able to reap the benefits of a more profitable investment. The last two years has seen steady growth in almost all markets, so this is really the time to get back into the game.
One of the first markets to get a serious hit was the stock market. Prices as a whole have only recently gotten back to their normal levels, which is a good sign that this area is recovering. If you previously invested with stocks or mutual funds, then this is a good time to go over your previous investments and compare them to today’s numbers.
Some eager investors got back into the game as soon as the year 2009, but there is always the danger of over trading. The financial crisis served as a good reminder that the markets are never 100 % predictable, so always invest with a grain of salt.
If you previously withdrew all your investments, then now is the time to keep a steady course. It’s become unlikely that another financial meltdown will happen within the next few years, so a long- term investment today will literally pay back dividends in the future.