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How young investors can respond to stock market volatility
– moneysense.ca
But even as the trade war between Canada and the U.S. brings a heaping spoonful of additional volatility, experts say in the grand scheme of things, it could just be a blip in young investors’ portfolios—if they stick it out.
“The first step is you’re not going to do anything,” said Sara McCullough, a Certified Financial Planner and owner of WD Development. “You’re not panicking, you’re not selling anything, you’re not going to buy anything.”
For those concerned about their investments, McCullough said to take stock of their portfolio, review their risk tolerance and look at why they’re invested.
If your portfolio is meant to help you buy a house in the next three years, that money shouldn’t have been in the market in the first place, she said.
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Investing for the long term is crucial for young investors, which is why they should be able to sail through the current market volatility…
