For the past few months, investors have been concerned about inflation, rising interest rates, and the lingering effects of the pandemic.
And now, added to those worries is the situation in Ukraine.
How should you respond?
First of all, be prepared for volatility in the financial markets, regardless of what’s causing it.
But there are things you can do to avoid getting stressed out.
For example, if you don’t need the money right away, there’s no real need to constantly check your investment statements.
Also, give yourself time to make investment decisions – even a short delay can help you reconsider moves that may be driven by emotions.
Over the longer term, try to build an emergency fund to help keep you from dipping into investments when their price is down.
And consider working with a financial professional, who can help you create a strategy to follow in all types of investment environments.
Instead of worrying about things you can’t control, focus on those that you can – such as making those investment choices appropriate for your needs and capable of helping you meet your goals.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson. Member SIPC.
