Now is the time to focus on long-term investments, despite COVID-19 economic fears.
Now is the time to focus on long-term investments, despite COVID-19 economic fears.
REPORTER RAE DANIELSPOKE TO A FINANCIALPLANNER ABOUT WHATYOUR BEST OPTIONS ARERIGHT NOW.WE SPOKE WITH A FINANCIALADVISOR WITH EDWARD JONES-- AND OF COURSE IT MAY BEHARD TO THINK ABOUT LONGTERM , WHEN THERE ARE SOMANY RAPID CHANGESHAPPENING RIGHT NOW.
BUT HESAYS RIGHT NOW, YOU WANT TOFOCUS LONG TERM.HERE ARE SOME TIPS HESHARED WITH US:-avoid the temptation to panic-measure the progress againstyourlong term goals-put time on your side -invest in the long term so youcanput that to your advantageleverage the power ofdiversification-lean into volatilityJoseph Hyde, financial advisorHistory shows us that you knowstanding up and investing whmarkets are low , is generallythetoughest time to do it, buthistoryshows us that it's the mostimpactfulfor your investment portfolioandthat's because many companiesare30,40, 50 percent below theirvaluefrom a month ago when this beganHE SAYS ONCE WE GETTHROUGH THE CHALLENGINGSHORT TERM IMPACTS, WE'LL BEMOVING AGAIN -- SO FOCUS ONTHE NEEDS RATHER THANWANTS DURING THIS TIME.
INKANSAS CITY, RAE DANIEL, 41ACTION NEWS TODAY.
The broad and passive Vanguard Information Technology ETF could be a great way to make time and patience pay off.
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On May 13, India’s Minister of State of the Ministry of Ports, Shipping and Waterways, Sarbananda..