When you start investing, you’ll notice that market volatility—also known as your portfolio’s ups and downs—is an inevitable part of investing.
That’s because the market’s movements are driven by factors beyond any individual investor’s control or influence. The pandemic is a perfect example of how impossible it is to predict or even prepare for economic ups and downs.
Despite the uncertainty, it’s important not to shy away from investing. In fact, investing is a powerful tool that can significantly impact your financial well-being. It allows your money to grow, potentially outpacing inflation and giving you more control over your financial future.
The key is to focus on controlling your behaviour concerning market volatility, and ensuring you’re only exposed to as much volatility as you can handle.
Money.ca shares eight effective strategies for successfully navigating the market to maintain the health of your investment portfolio.
1. Invest in a diversified portfolio
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