Horrible things are happening in Ukraine, and we aren't about to lose sight of that. But, given that this is a financial podcast, today Amy Walls from Thimbleberry Financial breaks down what your level of financial worry should be over this conflict.
We look at the criteria involved for you to actually worry about something, and how much of that applies here, depending on your individual situation.
Next, Amy talks about what the war in Ukraine could mean for the future of the market. And while we don't have a crystal ball, Amy provides some historical data that can inform opinions and predictions. This includes what the market did after Pearl Harbor and 9/11.
Before you worry, know your status - be sure to have a clear picture of your financial situation. And if you don't know, find out!
Differentiate between what you can control and what you can't. And please avoid "market-tainment" shows - designed to play on your emotions.
Finally, there may be opportunities here, from rebalancing, to Roth conversions, to defense and energy stocks.
For questions about any of this, or anything related to your financial future, reach Amy Walls and her team at Thimbleberry Financial at (503) 610-6510, or on the web at https://thimbleberryfinancial.com/