Ask a money mentor – Timing the market with Kevin Lynn – J.P.Morgan advisor
Ask a money mentor – Timing the market with Kevin Lynn – J.P.Morgan advisorVideo
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Description: Holding excess cash may feel like a saftey net, but it’s actually losing value quickly. That’s why you should consider putting your cash to work.
Transcript: <h2>On Screen:</h2>
<p>J.P. Morgan Wealth Management logo.</p>
<h2>Legal:</h2>
<p>INVESTMENT AND INSURANCE PRODUCTS:</p>
<p>• NOT A DEPOSIT</p>
<p>• NOT FDIC INSURED</p>
<p>• NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY</p>
<p>• NO BANK GUARANTEE</p>
<p>• MAY LOSE VALUE</p>
<h2><b>Narrator:</b></h2>
<p>When is the best time to invest idle cash?</p>
<h2>Kevin Lynn:</h2>
<p>The sooner you put idle cash to work, the more time it has to potentially appreciate in value. So for most investors, it’s not about timing the market; it’s about time in the market. Let’s have a look.</p>
<h2>Legal:</h2>
<p>Any examples used in this material are generic, hypothetical and for illustration purposes only. Prior to making any investment or financial decisions, you should seek individualized advice from your personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of your own situation.</p>
<h2>Kevin Lynn:</h2>
<p>Hypothetically, if someone invested $100 each month from when they were 25 until they were 65 and earned 5% annually, what they put in could grow by about $100,000. But if they waited until they were 35 to start investing that monthly $100, their money would only grow by $40,000. So when’s the right time to put idle cash in the market? Right now, and on a consistent basis.</p>
<h2>On Screen:</h2>
<p>Takeaways</p>
<ul>
<li>Don’t try to time the market.</li>
<li>Consider investing idle cash on a consistent basis to take advantage of long-term market potential.</li>
</ul>
<h2>On Screen:</h2>
<p>J.P. Morgan Wealth Management logo.</p>
<h2>Legal:</h2>
<p>J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through <strong>J.P. Morgan Securities LLC</strong> (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.</p>