Below are four tips that you might find helpful if you find volatility disconcerting: SET A STRATEGY AND STICK TO IT Investing to achieve your financial goals is a marathon, not a sprint. Don’t get off course to chase an investment fad or decide to sit on the sidelines because markets shift. Once you have a disciplined investment strategy that supports your long-term financial goals, stick to it. To ensure your strategy still supports your goals, review it annually or as life events, such as retirement, occur. After all, your goals are the reason you are investing. FOCUS ON WHAT YOU CAN CONTROL World events, inflation and economic growth are just a few factors you cannot control, so worrying about them doesn’t help. You can, however, control how much you spend or save, as well as the diversification within your portfolio. Focus on factors within your control to help manage stress. LIMIT THE NOISE If you get unnerved by the market, tune out the media.
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