The stock market has been extremely volatile lately, and it can be unsettling to see large decreases in your account balances over the course of a day or week.

Following these two steps should help you navigate these uncertain times:

1. Make sure any money you have invested in the stock market is invested for the long-term. Short-term savings shouldn’t be invested because of the unpredictability of the market over shorter time periods.
2. Remember that short-term volatility is part of the plan. It’s part of the price you pay for long-term growth in the stock market. So as hard as it can be, do your best to stay the course.

As Warren Buffett says, “Investing is simple, but not easy”.

Joe Calvetti is a CPA, CFP®, and the founder of Still River Financial Planning, a comprehensive, fee-only financial planning firm that specializes in working with young families and professionals. Click here to learn more about how we work with clients.

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Disclaimer: The information provided above is for educational purposes only and should not be considered financial, legal, or tax advice. You should consult with a professional for advice specific to your situation.