3 Questions Investors Should Ask Their Financial Advisor Now
These are volatile times for the markets. The wild swings we've seen in the last few weeks have left investors wondering where they should put their money. The economy -- which was forecast to slow down in 2020 even before the novel coronavirus pandemic -- could slow even further depending on the impact of COVID-19 response on consumer spending.
It's all very concerning, but it's important to remember that time is on your side. Over the long-term -- through the 2001 dot-com bubble, the 9/11 terrorist attacks, the housing crisis, and the Great Recession -- the S&P 500 has a compound annual return of 10% over the last 30 years, 6% over the last 20 years, and 13.5% over the last 10 years ended Dec. 31, 2019. Patience is important. But that doesn't mean you shouldn't ask questions and possibly adjust your strategy based on the current conditions.
The best bet is to talk to your financial advisor and be sure to ask them three key questions during that discussion.
Source Fool.com
