Some sound advice from VanEck:If you have an investment plan and portfolio that you agreed with your financial adviser, then stick to it. Now that markets are volatile and could stay like that for some time, it is not a good time to make drastic changes to your asset allocation. Markets have moved with such speed and velocity since the beginning of the coronavirus outbreak that it has been difficult to accurately ‘anchor’ risks. There is much information and misinformation circulating and it is important to look past it.It is also important not to react to the negative commentary and instead, concentrate on your long term goals. Assess risks and understand the data without emotion or haste. In markets, unpredictability is the only constant. Successful long-term investors survive short-term falls by sticking to investment principles that have withstood the tests of time. For portfolios, this may include better diversification.
