If you’re one for labeling things, the Nasdaq has entered into “correction” territory meaning it’s slightly more than 10% off its highs. That might sound bad until you remember that 10% drops in the market happen all the time and sometimes for no reason at all. We’ve had a relatively straight line up and to the right since the “coronacrash”, and even that was a short blip in market history. Let’s wait and see what happens before we decide the world is ending.
Here’s what I’ve been reading this morning:
- To sum this headline up in a word: good. This article looks at a survey showing 86% of people who were new investors last year plan to continue buying stocks this year. If anything, longevity in the stock market usually helps returns over the long run.
- You want to know what’s NOT good for our mental and physical well-being? Worrying about the Joneses and always trying to be the person with the most “stuff”. Tony writes about greed and how boring and unfulfilling it can be in this post.
- It really feels like year in and year out this is a headline that never changes. If you thought a pandemic would help teach people about the importance of emergency savings, think again. However, the ongoing impacts of the pandemic could be playing into this high percentage. Read the article to find out!
- If you’ve been following Top Links the last few months, you are no stranger to the topic of inflation. If inflated food prices are starting to hurt your wallet on a monthly basis, this article can help you navigate your way through it.