The events of the past few weeks have taken a toll on stock markets worldwide, resulting in a significant pullback over the past several days. How should you react to fluctuations in the market?
As the mainstream media emphasize dips in the stock market, keep in mind that your fund managers continually monitor your savings and optimize their strategies to address changing economic conditions. You can always reach out to your advisor to talk this process through. Occasionally, situations of this type can represent an opportunity to achieve your goals more quickly.
Four other events have raised global health concerns over the past 20 years. In each instance, an initial period of panic is followed by concerted action undertaken by world governments and a gradual return to normal. As this graph demonstrates, the effects of these unfortunate episodes fade over time:
If you have any questions, talk them over with your advisor.
LBC Financial Services firm team Inc.
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