Dow Jones Stock Market Today – Dow Jones reaches new high despite the pandemic

This post was originally published on this site

ADVERTISEMENT

Dow Jones Stock Market Today – Dow Jones reaches new high despite the pandemic

It’s not too late to learn how to get in on this bull market

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.

Article content

This article was created by StackCommerce. Postmedia may earn an affiliate commission from purchases made through links on this page.

As this is being written, the Dow Jones has hit a record high of over 34,000 points. On March 23, 2020, it had hit rock bottom shortly after COVID-19 was declared a pandemic. So here we are, one year later, our world is still in chaos yet the stock market is soaring. If you had only known then what you know now, you would have realized that it was an opportune time to invest.

When the coronavirus started to take over the world, economic uncertainty spread, too. Industries were being shut down and millions of people lost their jobs. Stock markets worldwide were falling. Panic set in. Yet, thanks to trillion-dollar rescue packages, decreased interest rates, large companies like Amazon, Apple and Microsoft actually thriving and contributing to the well-being of the financial markets, the stock market rebounded with gusto. When news of vaccines hit, a greater sense of optimism hit not only the people at large, but investors.

Article content

All this is to say that stock markets are volatile. There are recessions and depressions of varying degrees occurring continuously. Warren Buffet was once quoted as saying, “The stock market is a device to transfer money from the impatient to the patient.” Knowing when to get in, when to get out, and having the understanding and forbearance to wait for the right time is key. We all know that investing in the market is not without risk, and there is a lot of research and backtesting that needs to be undertaken to make wise decisions. Educating yourself and not going into the market totally blind can only help your success.

Market news on Fintech Zoom.


Dow Jones Stock Market Today – Dow Jones reaches new high despite the pandemic

Tags: Dow Jones Stock Market Today