July 8, 2015
Comments about the Greek debt crisis and your investment planning
As you may be aware from current events, the ongoing Greek debt crisis has increased the volatility of investment markets around the world and events are fluid. While Greece itself is relatively small in the global economy, there are concerns that this crisis could lead to "contagion" that would impact the rest of Europe.
Below is an article from Fidelity Investments offering some insights about the crisis and reminding us that as long-term investors, we should try to keep events in perspective. We think this article brings up good points for us to keep in mind.
No one knows what's going to happen in the future. Instead, we choose to focus your investment planning on the things we can control; namely, how much risk do you want to take in your portfolio (i.e., how much should be in equities vs. fixed income), and how to be diversified within those asset classes using low-cost investments. And, that if you need funds within 1-2 years for your financial goals, we recommend to have those funds in cash, rather than be invested in the market, so the gyrations of the market have no impact on achieving your immediate goals.
If you have any questions about the Greek debt crisis, your investment planning or overall financial planning, please let us know. Thank you!
Please click on the link below for the article mentioned above.
Fidelity article on Greek debt crisis
(If the print size of the article is too small, you can go to the URL itself at https://www.fidelity.com/insights/markets-economy/greek-debt-crisis).
