He says despite the volatility and uncertainty of the markets amid the pandemic, you can invest soundly.
Plan for the future by letting tried and true investment principles do what they were designed to do: Help meet your financial goals.I've experienced a lot of market tumult during my 50-year career in finance. The most important advice I can give is to stay invested and to try not to time the markets. There's no compelling evidence that trying to time the market's ups and downs is a winning strategy.
You can't control markets. However, you can control the risk you take on. Understanding your risk tolerance is a crucial part of developing a long-term investing plan you can stick with. Cash in a savings account is less risky than bonds. Bonds are less risky than stocks. Each earn return commensurate with the amount of risk over the long-term.
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