As we move towards increasingly uncertain economic times where the stock exchanges are raging and rising every second, the uncertainty among small savers around the country also increases.
– We see that both the American and the Swedish stock exchange has gone down in recent days and there are those who have not been involved in it before, says savings economist Christina Sahlberg.
And as the decline becomes increasingly evident in the banking app, it is easy to want to sell before the money can shrink too much.
– It is important to lift your eyes a bit and look at what it has looked like in the last hundred years on the stock exchange and then we see that we have had large stock market cases, large declines and then the stock exchange goes up, she says.
“Do not log in to the bank”
Thus, in most cases, one should avoid selling their funds and shares.
– Only if you need the money now or if you have invested in a few shares. Sell them and buy an index fund or if you have funds with very high fees, but otherwise so ignore your gut feeling, says Sahlberg.
According to Sahlberg, it is instead important to have ice in the stomach when it shakes on the stock exchange.
– The best tip, do not log into the bank, do not look at what is happening, look at how your portfolio has developed over the past three years. If you are a new saver, do not go in and watch wait until it has turned, she says.
Don’t invest if you feel bad about it
If you are mentally affected by the declines and it makes one feel bad, Sahlberg thinks that you should instead invest in a savings account with good interest rates.
– If this makes you feel really bad and you get anxiety because you see your pension money or money you should buy apartment to go down then maybe you should not invest on the stock exchange simply, because then it will be too hard for you. But then you have to decide it and not jump in and out because then you can lose money instead of making money, she explains.