Three tips for investing in a volatile market

Thanks to the Grand Rapids Business Journal for inviting our President, Phillip Mitchell, CFA, CPA, MBA to write a guest column on tips for investing in our currently volatile market.

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Over the past 10 years, the U.S. market has held relatively strong with a steady upward trend.

You probably didn’t have to think very often about your money’s performance or your retirement security. However, after a strong market performance in 2021 and the years preceding it, the U.S. now finds itself in a more volatile, turbulent and risky market.

After decades of low inflation, we’re now experiencing an annual inflation rate pushing 9% — the highest since January 1982.

In response, the Fed voted to increase interest rates by 0.75% in the June meeting, the largest increase since 1994. The Fed’s goal is to slow down demand, increasing the likelihood of a shallow recession, at a minimum. Tensions between Russia and Ukraine continue to escalate, introducing uncertainty to the market and inflationary prices for oil and other commodities.

It’s clear that the rest of 2022 and the years following will bring about more challenges and variability for investors.

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Read the full article HERE

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