The United States has heard rumors of troops amassing on the Russian-Ukrainian border for a couple of months now. This past Wednesday night, these Russian troops initiated the official invasion of Ukraine, prompting Ukrainians to battle for their democratic freedom.
The market initially dropped with the news of the Russian attack; however, we have seen the S&P 500 and the Dow Jones rise since that startling shock of Russia’s invasion. To read a more in-depth view of the ramifications of this conflict on the global economy, you can find American Funds’ article on the issue, here.
At Financial Plans and Strategies, we believe that the conflict will continue to create volatility in our already volatile market, still greatly feeling the effects of the Covid 19 Pandemic. With this volatility, FPS will continue to rebalance your portfolio as the market dictates. You can read more about our rebalancing process in our previous blog post, here. It is imperative that in these times of high tension and turmoil, we continue to use our rebalancing system. This ensures that we keep our emotions out of investing, allowing us to continue with our promise of helping our clients plan for and through retirement.