It's been a rough year for the stock market, and some consumers are closing investment accounts due to inflation and volatility concerns, according to a recent survey from Ally Financial.
Without a sufficient emergency fund, some investors may be selling assets to cover a higher cost of living, said Kyle Newell, an Orlando, Florida-based certified financial planner and owner of Newell Wealth Management., especially younger investors with less experience.
, according to a recent study from MagnifyMoney. Some 23% of millennials and 15% of Gen Zers wished they had invested more, the survey found, and roughly 15% of each group regrets selling an investment. "Investments are tools," he said."They work best when you decide what you need done and then go shopping for your tools."
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