Marketplace volatility continues to shake investor confidence, as the tariffs imposed by President Trump cause ripple effects through financial markets abroad and at home.
Many are seeking guidance on how to navigate these uncertain times. Jim Parrie COO and General Manager of Tru Wealth Advisors shares with a little planning you may find solace in the current situation.
"Consider holding your equity positions and not sell because the markets will recover, it's just a question of when."
That should be a bit of good news to investors, what goes down will eventually go up.
But, Parrie says advice isn't a broad stroke and should be considered on a case-by-case basis.
"For instance, a younger person may be able to hold out through the entire ride, but someone older would want to consider how much fixed income they have. A good scenario would be to have two years worth."
One thing investors can do is reduce their equity exposure for some ease of mind.
"Maybe you go sixty percent or even forty percent in the market."
Parrie says in any case it's best to remain present in the market where possible as a rally will come at some point.
