The COVID-19 pandemic, whose first case was discovered in China, has caused great strife in the lives of many around the globe. The lockdowns executed by the government in efforts to combat the deadly virus have caused even more frustration and economic turmoil. It is an unprecedented condition, and the government has chosen to prioritize lives over the economy.
From reports, almost 22 million Americans have been left in a state of joblessness. They have had to traverse every passing day facing financial constraints as bills keep trickling in. The worst bit is that no one knows exactly when the cure or vaccine for the deadly virus will be found. It remains to be a wilderness of uncertainty for most of the people who are left with so many answered questions.
Every cloud has a silver lining, and people don’t have to give up. There is some light at the end of the tunnel, considering that financial pros are coming up intending to offer the required assistance to the various citizens. They have been talking to citizens from time to time in efforts to enlighten them of some of the most important investment tips.
As stated earlier, uncertainty continues to cloud the future, and thus it is a great time for anyone to think ahead of time. This mindset may involve the act of a given person, making some smart investment decisions just in case the current condition persists much longer.
Several financial advisors recently listened to viewers to understand their concerns and assist them where possible. These professionals included the co-CEO of 2050 Wealth Partners called Lazetta Rainey Braxton and the founder of Life Planning Partners Rainey Braxton. The other one was the CEO of Ritholtz Wealth Management, called Josh Brown. It was on a program usually aired out in CNBC called “Markets in Turmoil.”
Braxton put a major emphasis on the great need for investors to re-think their risk tolerance. According to him, checking out one’s reactions was a good way to go. That was in the sense of one being able to gauge his or her tolerance. That would be closely followed by the proper setting of goals and timeline.