In my 50-plus years in this business, I’ve seen all manner of market conditions—and the most important lesson I’ve learned is to ignore the short-term noise and stay focused on the future. Yet with so much uncertainty in financial markets due to COVID-19, staying invested for the long haul is a test even for those with nerves of steel. I understand how deep emotions can run when it’s your money on the line.
But despite the difficulty, my best advice is to remain committed to time-tested strategies such as diversification and the right asset allocation model for you—based on your long- and short-term goals, the number of years you have to invest, and your tolerance for risk. This approach can help you weather all kinds of markets. And if your goals or financial situation have changed, we can help review your portfolio, revisit your plan, or create a new one.
I’ve always believed that investing is, at its core, an act of optimism. That belief has not changed, nor has our focus on helping you “Own Your Tomorrow.” If you need to reach us, you can do so at schwab.com, through our Schwab Mobile app, or by calling our experienced representatives at 800-435-4000.
Charles R. Schwab
Founder & Chairman
What You Can Do Next
Read more insights about weathering market volatility.