After the U.S. Federal Reserve cut interest rates, and China devalued its currency, the markets plunged. You may be wondering if this is the beginning of a bear market. Market moves can be concerning, but no one really knows where they will be heading next.
So, what is the best path forward for your investments? There are a few key things we can do right now, like assessing your risk tolerance, evaluating your timeframe, and looking for investments that take advantage of the market downswing. It can be a good time to buy.
You might notice that a lot of the points above are related to doing nothing. Knee jerk reactions to short-term moves and turning a portfolio upside down is probably not the appropriate course of action.
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Success in all your efforts,