With a thousand cravings in mind about the fate of Ukrainians over the availability of iodine tablets and the world children face, they don’t want any more worries in their lives. And placing them now causes. Merja Mähkä ponders what to do.
But for a fresh investor whose investments are now at a loss, the growing panic is more than understandable. MOSTPHOTOS
For an investment columnist who has been advising people for years to start investing, it’s not quite easy to write about investing now.
Next door is a war in which nuclear weapons have been drawn. No, I did not see such a threat facing us. Although there is always a risk involved in investing, I did not take the threat of using nuclear weapons into account in my own calculations.
May it be appropriate to ask whether it is even right to consider their own monetary affairs when Ukrainians have to flee their homes?
I understand if it feels wrong.
I still don’t think so.
The attack is wrong. I also think it is wrong to try to profit from it by speculating on shares of Russian companies.
I think it is not wrong to maintain faith in the future. That’s what the attacker wants us to paralyze, and we no longer believe in the future. The attacker should not give up here.
At the same time, I understand all the fresh investors who now want to put an investment towel in the ring and say that this was here, investing in this crazy world is too daring.
Personally, I don’t. For those who have invested longer, it is finally quite easy to stay calm. Thanks to the long investment period, the investment portfolio is still very firmly positive after the declines of the last few days – in fact, it is at about the same level as a year ago. It doesn’t play the language of panic.
But for a fresh investor whose investments are now at a loss, the growing panic is more than understandable. With a thousand cravings in mind about the fate of Ukrainians over the availability of iodine tablets and the world children face, they don’t want any more worries in their lives. And placing them now causes.
When worries overwhelm the mind, it is good to remember that crises always look awful when investing, otherwise they would not become crises on the stock market either. The market always reacts to what we don’t know yet.
However, our best information is this: in the end, the Western market has always recovered. It can take time, and we don’t even know how long. Before that, there may be another fall ahead.
But in the end, this has always been the case, and we have no reason to assume that it will be any different this time either.
So what to do?
One option is to just be and wait. The relentless monitoring of the stock market does no good and often only results in losses being lost on investments. This is the most common reason why investing fails. The waiters in the Western market have always been rewarded again, as have those in the midst of the crisis who have looked to the future and bought more.
Another good option is to try to think about whether the investment portfolio should look different. If it’s hard to be with the portfolio and breathe, it’s worth considering whether to switch investments to others you don’t care so much about. Many have wanted to clean up companies (or owning them) funds with operations in Russia from their portfolios. Instead, one can think of companies and funds that succeed in the sustainability assessment without a connection to Russia.
It is certain that investing is not pleasant now. Courses will sway, headlines will scare you. I am not criticizing anyone who is now giving up. It is only human to be worried about the hard-earned money that is now being seen dwindling.
Whatever you do, look far ahead. Think about where we are in five years, not the course movements of tomorrow. However, if you believe that in five years’ time the world will be somewhat on track, it is wisest to act accordingly.
