Last week, the Trump administration announced a new 10% tariff on $300 billion worth of Chinese imports, which is scheduled to kick in at the beginning of September. China retaliated by allowing its currency to fall and reportedly halting imports of U.S. agricultural goods. In response, U.S. markets fell significantly Monday.
Still, most experts say the latest fluctuations aren’t a big deal. The economy is in good shape, with low unemployment, rising wages, and strong economic growth, Kate Warne, an investment strategist at Edward Jones, told Grow earlier this year. And the stock market is still up more than 14% in 2019.
Since the end of World War II there have been 12 bear markets, or times when stocks lose at least 20% of their value. Yet the long-term average annualized return for the S&P 500 is almost 10%. So it helps to keep your investing focus on the long term.
How do you ignore the noise and concentrate on your long-term plan? These resources could help.
Learn from others’ mistakes. This is what not to do when the market goes down.
When the market drops, you can panic, or you can take a measured approach with this checklist.
Don’t ignore your emotions amid market bumps. Work through them for a stronger financial plan.
Investing for the long run means taking a “set it and forget it” mentality to your portfolio.
Many investors think they can beat, or “time,” the market. That can end up costing you.
Sometimes going against the grain is the best thing you can do. We’ll explain how dollar-cost averaging works, and why it may be a good idea to buy when the market drops.
If you’re going to take anyone’s investing advice, it may as well be Warren Buffett. And he has some clear views on what you should do when the market drops.
More from Grow: