The following is a guest post
The global stock market has experienced a rapid downturn in the last ten days. The slump has sounded alarm bells on the state of the world economy. It has also given investors in the stock market a headache, due to uncertainty.
The situation has different effects on different investors. For example, an investor who is about or at retirement might consider risking less. However, if you are an investor that has a long way to go before retirement, a sharp recession in the stock market should not scare you away from investing.
As the more experienced investors usually advice, the worst thing an investor can do is to sell. When the market is experiencing a slump, it is the best moment for you to increase the amount of money you save.