If you already have doubts about the US economy, I'm sure the disappointing job numbers released Thursday reinforced your doubts. The unemployment data showed that we are not through the worst yet. U.S. employers slashed 467,000 jobs in June -- 100,000 more than anticipated. This also means that it will be tougher now to find a job as more and more people are seeking employment.
From March until the start of June, my investment portfolio showed a significant gain. I thought that the economy was on the rebound but as poor economic indicators were released almost every week in June, my gains dropped. But as of late, it's slowly going up again. The bad economic news affect investors differently. Some have retreated while others are still on the buying mood.
Obviously, the risks involved now in investing are greater than ever but I always believe in the saying that the higher the risk, the higher the return. We won't see the returns overtime but it will eventually come. The market nowadays is perfect for new investors while people who are looking to retire 10-12 years from now should look for other ways of investing as suggested by financial analysts. New investors are cautioned that cheap stocks are not always good. It's always wise to invest in companies that could hold steady during tough economic times. As always, remember to diversify.
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