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.
Dan Shaffer talks with Mayor Kerry Underwood about coronavirus concerns in Tuscumbia.
24 Hour Fitness might consider filing for bankruptcy as the coronavirus pandemic continues to keep its doors closed. According to..
Former Argentina captain Agustin Pichot announces he will stand against World Rugby chairman Bill Beaumont in this month's..