Helping You Chart a Course Forward
We’ve supported members in all kinds of economic environments, and although the market volatility COVID-19 has caused may be different from what you’ve experienced before, we want you to know we’ll work to help you through it.
3 Things You Can Do Right Now
We understand you may have questions on how to best manage your portfolio, given the current fluctuating financial market. Here are 3 things you can do to help you chart a course that best meets your needs.
- Make sure your portfolio is diversified. Markets change. Economic conditions change. There’s no single investment approach that will work for everyone. To reduce your risk, check your portfolio to make sure it’s not too heavily invested in one sector or industry.
- Revisit your risk tolerance. Don’t let today’s headlines distract you from your goals and long-term objectives. Before you make hasty decisions, review your holdings. Then decide whether your portfolio matches your risk tolerance or if it needs adjustment.
- Take a long-term view. Don’t look at daily changes. Although there are no guarantees, in spite of ups and downs, the stock market generally rises over time. Understanding this trend will help you set goals, have realistic expectations and make logical decisions.
Work With an Advisor
We want you to know we’re in this together, and we’re available to discuss your individual investment needs, questions and concerns. Please feel free to make a phone appointment with your financial advisor or call our Investment Advisory Center at 877-221-8108.
More Information and Resources
Interested in ways to improve personal finances, budgeting basics, controlling and savings options? Visit MakingCents for self-paced learning and articles on how to solidify your financial foundation.
Precautions We’re Taking
If you need to visit one of our open branches, rest assured we’re following guidance from the Centers for Disease Control (CDC) and federal, state and local agencies, including:
- regularly disinfecting areas where transactions occur
- increasing social distancing measures
- adjusting branch hours or implementing closures