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These 3 tips can help you tune out the noise and stay focused on your goals, says this behavioral finance expert
ANY NUMBER OF EVENTS can cause the markets to react. Recently, everything from U.S-China trade talks to the outlook for interest rates and concerns over slowing global growth have prompted stocks to dip—and eventually rebound.
When the market experiences these periods of ups and downs, the big question becomes: What actions should I take to manage my investments through the uncertainty? For answers, we turned to Andrew Porter, director of Behavioral Finance at Bank of America, who offered the following three ideas.
“Knowing what you want your money to achieve can help you through market movements.”