These are unsettling times. Of course, you’re concerned about the health of your loved ones. And as an investor, you know that falling stock prices have pushed us into a bear market. How should you respond?
First, be aware that we’ve just completed the second-longest bull market in history, so we’ve entered bear territory from an extremely high point.
Also, bear markets typically don’t last nearly as long as bull markets. And while it’s impossible to predict the duration of any market cycle, history is encouraging, even though there are no guarantees of how the markets will perform in the future.
If you’re a long-term investor, your best move is to show patience by sticking with an effective investment strategy that’s appropriate for your risk tolerance and time horizon.
In the meantime, take steps to protect your physical health and that of your family and community. And protect your financial health by making sound, disciplined decisions that can help keep you on track for the long term.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisors, Brent D. Hoskinson and Linda Drake.