INVESTING

A well-thought-out #investment plan that takes into #account your risk tolerance, your #age and stage in life, and your #family considerations will hold you in good stead through #market volatility. If you are a long- term #investor and your #plan reflects this, don’t be swayed by short-term market sentiment and derail your plan. It is unwise to get out now. Stick with your plan.

Here a few tips to help you to stay calm in these uncertain times:

Stay Calm

The very worst thing an investor can do is to panic and sell shares at a #loss. Volatility is a natural part of the #investing cycle, so try to stay calm as markets usually do recover. Stay #focused on your long-term #goals; if you did have an original plan, it would have taken market volatility into account.

Diversify

In laymen’s terms, #diversification means “don’t put all your eggs in one basket”; it is an #investment technique that #builds different types of investments into a single portfolio.

Cost Averaging

Don’t be put off #saving because of market uncertainty. Be disciplined and consistent with your saving and investing.

Review Your Portfolio

Even if you are a long-term investor, do not assume that you should just leave your #portfolio as it is. It is important to review your portfolio objectives from time to time and certainly when there has been significant change in your #life; revisit your #financialplan and your portfolio and do a thorough assessment of your #financial situation at least once a year.

Seek Advice

Even if you’re an astute investor, you can still benefit from professional #advice. Investment #professionals can help you understand how the changing market conditions affect your portfolio and can make recommendations based on a deep #knowledge of markets and their #vagaries.

#MMWN #MoneyMattersWithNimi