Wealthbrite reposted this
The economy is a mess! Or is it? The markets are pretty volatile right now - meaning prices are fluctuating and this can feel really unsettling. But how does current market turmoil measure up against past performance? 📉 Image on the left: The S&P 500 over the past month - it looks scary! 📈 Image on the right: The S&P 500 over the past five years tells a different story—one of consistent, long-term growth. So how can you use the power of perspective to feel more at ease about investing when things are up and down? ⏳ Think long term – prioritise cash available for short-term goals and your emergency fund. 😵💫 Avoid emotional responses – knee-jerk decisions often lead to costly mistakes. 💹 Review your portfolio - is it diversified? A well-balanced profile can help reduce risk. 💸 Remember this: Time in the market is what historically pays off vs timing the market. ⚠️ Investing isn't risk free. Always make sure you've done your homework and speak to a professional if you need advice. How are you dealing with the ups and downs? Share your thoughts in the comments below 👇 #investing #moneymindset #financialliteracy