Banks are not paying high-interest rates on savings accounts right now.

Because of this, investors need to find other ways to increase the value of their money so that it does not necessarily sit in banks and lose value.

Never Stop Learning

To some, the stock market will still remain valuable, while stocks went down as low as 30% from February highs in April. The market appears to be recovering. Investors should always be looking for stocks that will continue to increase in a bear market.

For the long-term investor, the recent stock market crash should not matter if you plan on keeping your money in the markets over the next the 20-30 years. However, if you are near retirement, you might be looking at your investments a little more closely. While we would not advise any sudden or rash decisions, under the current circumstances, we are willing to work with you if you feel uncertain about your current stock market investments.

Diversity Is The Key To Wealth

While the stock market has made some people wealthy, it should not be seen as the only way to invest. The key would be to diversify your wealth enough so that you are always in profit.

During these times, many people are being creative about how they are diversifying their wealth. They are investing in the traditional havens of gold and real estate; they are looking at small, but profitable businesses in their communities to invest in.

Will Things Return Back To Normal

The stock market has always corrected itself in the past. While these are especially challenging times, the stock market has a history of having a downturn every five to seven years. We were overdue for a recession before the Covid-19 virus started. However, this virus could have made the slump worse.

Many states are already opening back up, and the stock market seems to be on the uptick with hopes of a vaccine being created shortly.

We are confident that things will return to normal in time. Long-term investors should not be concerned about the downturn, as downturns are just part of the typical economic cycle. We feel that long-term investors should continue to invest in the market.

If you are looking for a financial advisor in the Tulsa, Oklahoma area, please feel free to call us at (918) 928-9573.