Don’t Wait for the Job Market to Turn Before Investing
This morning, one of my co-workers asked me, “What turns around first – the economy or the job market?” My answer: “The economy usually turns first. Employment is a lagging indicator, because companies need to see an increase in demand for their products before they see the need to start increasing their payrolls.”
The stock market tends to lead the economy. It heads lower before the economy does, and it tends to start heading higher before the economy recovers. So if you have your investment portfolio on the sidelines, you shouldn’t wait for the economy to turn higher before you start investing.
My advice is to start getting your money back into the market now. If you wait until the employment picture turns around, you will be late to the game.
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