3 Reasons to Hold Your Investments During a Recession | Personal Finance

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No matter what the market does, it’s important to remember that you won’t lose any money unless you sell. Even if your investments decrease in value, you only lock in those losses by selling when prices are lower. By holding your stocks until prices recover, you can avoid losing money.

2. Timing the market is nearly impossible

In theory, the best way to maximize your returns would be to buy stocks when the market bottoms out and prices are at their lowest, then sell when prices reach their peak. This is called timing the market, and while it may

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Bitcoin price yo-yos amid global regulation proposals

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The Basel committee proposals would make it very expensive for banks to hold digital currencies, which could hinder a wider market acceptance of tokens. Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

Bitcoin continued on a volatile course on Friday after the top banking regulator proposed to classify the flagship crypto as the riskiest of assets.

Bitcoin (BTC-USD) fell 2% to $37,258 (£26,308) in afternoon trade in London after reaching as high as $37,548 on Friday morning. It enjoyed a boost on Wednesday and Thursday from El Salvador making it legal tender, rallying as much as 8% following the

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Lockton bolsters global construction business with new hires

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Lockton has expanded its global construction practice (GCP) with several senior hires – James Cook, deputy international practice leader; Steve Leeming, senior vice president, international construction, and Lewis Coward, head of placement.

The three new hires will join from Marsh, where they all currently hold senior vice president roles. Coward will begin with Lockton later this month, while Cook and Leeming will follow in September. They will work with international clients and major global projects from Lockton’s London-based GCP team.

“The arrival of James, Steve and Lewis adds significant additional expertise and experience to an already high calibre team,” said

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Line of Credit vs. Loan: Which Option is Right for Me?

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LOS ANGELES – June 11, 2021 – (Newswire.com)

Lines of credit and loans both offer funds to cover expenses, but each comes with its own benefits. A line of credit is a revolving credit account that you can tap into when you need funds, up to a set limit and interest is paid only on money actually withdrawn. A traditional loan is a fixed amount of money that you borrow and then pay back with interest.

Lines of credit are great for instances where you want to draw on funds periodically or need to pay for a project

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Crypto Finally Has a Reason to Exist: Decentralized Finance

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I have news from the world of cryptocurrency: After many years of doubt and uncertainty, a killer app has finally been found. That’s why crypto prices, in spite of numerous plunges, have remained much higher than many skeptics expected.

The core use case for crypto is called DeFi, a recently coined abbreviation for “decentralized finance.” DeFi doesn’t have a formal definition, but it typically includes the use of the blockchain to borrow and lend using auction markets; to trade in unconventional derivatives; to trade one set of crypto assets against another; and for unusual forms of insurance. The profit

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Justice’s debt, built on trust, is now a billion-dollar personal risk

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In 2017, when legendary Virginia banker Worth Carter died at age 79, West Virginia Gov. Jim Justice mourned the loss of a longtime, trusted financial partner and spoke at Carter’s funeral.

“We grew together,” Justice said. “I knew I could count on him, and always did.”

The chain of community banks that Worth Carter Founded, Martinsville-based Carter Bank & Trust, had been a key to the growth of Justice’s own business empire. Justice has described a relationship built on trust, inspiring deals that could be sealed with a handshake.

But that funeral marked a turn of events that sent Justice’s

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