As we’re in the midst of the COVID-19 health and financial crisis, you have probably been watching the stock market decline and worrying, “What does this mean for me?”
If you are one of those investors feeling concerned about the state of your finances, hear this: the market’s uncertainty will never change—but your approach can. A well-informed strategy allows you to approach your finances with a level head.
We also know that you’re probably feeling some information overload. Between the daily ups and downs of the market, the evolving situation with COVID-19, and the recent passage of the CARES Act, there’s a lot to take in. So, we’ve laid out a few key tips to approaching the market’s downturn. And remember: your financial advisor can help guide you through integrating these tips into your investment strategy.
HOW TO APPROACH A DOWNTURN IN THE MARKET
- STAY CALM.
“The stock market is designed to transfer money from the active to the patient,” says famed investor Warren Buffett.
Patience is a virtue… To read the rest of the 9 tips, click here.