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The path forward during this market decline depends on your current financial picture. For those who invest in the stock market to build long-term wealth, the best way to handle this market volatility is to do nothing out of the ordinary. They should continue to automatically buy low-cost, diversified index funds following an asset allocation that is aligned with their objectives. If they have the ability to increase the amount of money they put in the market, I would encourage that.
Long-term investors will experience multiple bear markets and recessions during the course of their wealth journey. Each one will feel uniquely terrible, but the key is to not let these change your investing plan in any way. It’s important to remember that no one knows if the market will continue to fall or if we are close to the bottom, so money that will be needed in the next handful of years should not be invested in the stock market.
— Shane Sideris, CFA, Synchronous Wealth Advisors
