Greenville, South Carolina, 20th May 2022, ZEXPRWIRE, The ongoing Russia-Ukraine crisis has significantly impacted global markets and retirement portfolios. Shari Bevan, president of Bevan Wealth & Tax Strategies, has been exploring the potential implications of the crisis for investors. While addressing this issue, Bevan said,
The current situation is unprecedented, and it’s essential to be prepared for all possible outcomes. We’re seeing volatility in stocks, bonds, and currency markets worldwide. This has led to a decline in stock prices and currency values in these countries and increased volatility. As a result, retirees who have invested in international funds or individual stocks within these countries may see their retirement savings decrease in value. This volatility may be especially concerning for investors closer to retirement who rely more heavily on their portfolios to provide income.
One of the factors that could hit investors’ wealth growth is inflation driven by rising commodity prices. Bevan stated that investors should keep an eye on commodity prices, as they are set to go higher than they already are today.
That’s because Russia and Ukraine are major producers of essential commodities, and their total output has been reduced due to the conflict. This is causing prices for these goods to increase, affecting investors worldwide, and making it more difficult for people to afford necessities. As this situation continues to unfold, investors need to be aware of the potential implications on their portfolios.
As the Russia-Ukraine conflict continues, it is essential to understand the potential impacts on different markets and retirement portfolios. While some industries may see increased profits or opportunities, many will face challenges. For example, cybersecurity firms may see an increase in business as threats increase. It is therefore essential to stay informed about how these types of global conflicts and crises can impact your investments.
While it is essential to stay informed about the latest news, it is also crucial that investors do not let their emotions get their best. Bevan Wealth & Tax Strategies would like to remind investors to take a step back and assess their current financial situation. This includes checking cash reserves and other expenses that may stress an investor’s portfolio. By taking a calm and rational approach, investors can make informed decisions about protecting their finances during these uncertain times best.
Many investors are tempted to buy or sell stocks or other investments in reaction to these events, but Shari Bevan cautions against making greed or fear-driven decisions. She reminds investors that a decrease in the value of an investment is not a loss until it is locked in after a sale.
As with all investments, it’s important to remember the big picture. Here are a few tips she offers to help you navigate these uncertain waters. First, investors should avoid selling off stocks or other investments just because their value has decreased. Remember, you don’t lose any money until you sell the asset. Secondly, don’t invest in stocks or markets that are experiencing significant gains just because they’re doing well right now.
Bevan further urges investors to consider market opportunities carefully. The current market volatility is an excellent opportunity for investors to carefully consider their options and make intelligent decisions about their future. Rebalancing a retirement portfolio by selling off successful investments and reinvesting some of the gains into future opportunities or wealth-preservation vehicles can be a great way to take advantage of the situation.
Shari Bevan is the head of Bevan Wealth & Tax Strategies company. She has more than 20 years of experience working in finance and law, during which time she has helped 500 clients plan their estates while managing wealth from those plans – including designing high-profile legal cases! Ms. Bevan also holds ChFC (Chartered Financial Consultant) qualifications and CLU Designation.
Bevan Wealth and Tax Strategies is an independent, full-service financial advisory firm with exceptional estate planning and wealth management expertise. The company is committed to helping clients reach their goals with a long-term perspective that considers all aspects of their situation – investments, taxes, future needs, charitable giving, retirement income, and more. Their team has extensive financial management experience, including investment and portfolio management, strategic planning, organizing, directing, and controlling financial undertakings for individual clients and institutions.
Investment advisory services offered through Change Path, LLC, an Investment Advisor. Bevan Wealth & Tax Strategies and Change Path, LLC are not affiliated.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Pune journalist was involved in the writing and production of this article.