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4 ways to handle the COVID-19 uncertainty

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While each market downturn is unique and it is difficult to predict the future, there is evidence to support being optimistic when thinking about the long-term. Markets have historically recovered from downturns and continued to grow.

4 ways to handle the COVID-19 uncertainty

Avoid continuously checking your portfolio

You should regularly check your investments but checking on them too often can create unnecessary stress and anxiety.

4 ways to handle the COVID-19 uncertainty

Avoid trying to time the market

For long-term investors, holding on to your investments, even during downturns, has generally been an effective strategy assuming that your financial goals and situation remains unchanged.

4 ways to handle the COVID-19 uncertainty

Avoid fear-based decisions

A pandemic can lead to hasty decisions, such as panic selling or buying stocks on an impulse.

4 ways to handle the COVID-19 uncertainty

Review your financial goals

If you become unemployed, you might need to cash out some of your investments for short-term expenses. Review your financial goals to make sure your investments align with them.

4 ways to handle the COVID-19 uncertainty

Throughout history, stocks have generated long-term gains despite many short-term declines caused by global events. If you’re a long-term investor, weathering a pandemic requires patience and thoughtful planning.

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