Investing

Invest for long haul to avoid short-term risk

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CNBC’s Jim Cramer implored younger investors on Monday to stay in the market for the long term, despite recent turbulent events, including the forced liquidation of positions held by multibillion-dollar family office Archegos Capital Management.

“We don’t want it to be 2000 when we lost a quarter of the people who were in,” Cramer said on “Squawk Box,” referring to the bursting of the dot-com bubble and a sense of disillusionment among those who lost money. “It just can’t be like that.”

A wave of young people during the coronavirus pandemic has been buying stocks for the first time, and Cramer acknowledged they may not want to take advice about navigating tumultuous trading from longtime…



Source cnbc.com

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