This is a special edition of the Midlife Money Gal Podcast to address the current state of Global Affairs. Coronavirus (Covid-19) has been dominating the headlines and causing extreme market volatility. What are the facts vs the fears? What should you be doing with regard to your health and your wealth during this time?
In this episode, I share some insights on how to keep things in perspective as well as what we’ve seen in the past with similar viruses. The important thing is to be practical and be prepared, but not to panic. Wash your hands, wash your hands, wash your hands. If you are feeling sick, stay home.
We have seen this kind of “shock to the system” many times. These events follow a consistent pattern. They wreak short-term havoc, they run their course, and the world doesn’t end.
If you are concerned about market volatility and how to weather a storm like this, check out 6 Steps for Surviving Market Volatility and staying focused on your goals.
If nothing in your personal situation has changed such as your life goals, income, job situation, health, or family status…you should not need to alter your financial plan and investment strategy. If you don’t have a financial plan in place, now is the time to do so! (Check out Real Financial Planning in Midlife)
And finally, if you are not confident in your financial advisor, or you are not hearing from your financial advisor, learn more about connecting with me 1-on-1 at Sammons Wealth Management.
Resources mentioned in this episode:
BlackRock Commentary and Chart (Market Attention to Global Disease Outbreaks 2003 to present)
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