When it comes to where we are in the economic cycle, expert opinions vary widely. Some experts think the economy could be headed for a double-dip recession, while others say it’s headed for a slow but steady recovery.
Rose was interviewed on this topic by Ben Baden, who wrote the following article published in Yahoo! News on June 21.
Article Highlights
- Be realistic.
“The last of the last recovery dollars are being distributed out to the states and [it's] the end of the tax credits for home buyers, which were huge stimulators for the economy and helped it rebound last year,” says Rose Greene, certified financial planner with Rose Greene Financial Services in Los Angeles, an affiliate of LPL Financial. “It will not feel good, but it makes sense. This isn’t something that just happens when you wake up one day.”- Don’t try to time the market.
Greene says, investors shouldn’t gamble their money by trying to time the market. “The average investor needs to know that trying to time the market is a fool’s following,” she says. “We might get lucky once, but it will ultimately bite you.”
Read 5 Tips for the Average Investor on Yahoo! News, or download a copy saved as a PDF.
