It’s no secret that the economy is extremely volatile right now. Things were looking pretty grim after President Trump announced his plan for widespread tariffs, and now the markets have shot back up following his announcement today that the retaliatory tariffs will be paused for 90 days. This makes the global economy as a whole extremely unpredictable, and it can have a lot of people questioning their financial plans. Matt Roberts, chief planning officer at Syverson Strege, said it’s important to be prepared for difficult times and stick with your financial plan if possible.
In order to make profits, a certain level of risk is unavoidable. That’s why you need to understand your risk tolerance and factor that into your financial plans.
No plan is perfect, though, especially when the economy is as volatile as it is right now. Roberts said it’s okay to have some learning moments as you navigate the marketplace.
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