The coronavirus is a global health concern – and it’s also rattled the financial markets. As an individual investor, how concerned should you be?

First of all, don’t panic. The virus may cause market volatility in the next several months, but it’s always important for investors to take a long-term perspective. You should avoid making drastic changes to your portfolio unless you experience big changes in your personal life, such as a new job or a new family situation.

Also, we’ve had health scares in the past, such as SARS and the Ebola and Zika viruses. After all these crises were resolved, investment prices rose. Of course, the past performance of the markets following health scares can’t indicate how the current market will perform. However, our financial markets are large, resilient and subject to many forces beyond a virus.

Finally, don’t waste time and effort trying to determine which investments might be most harmed, or even helped, by the virus – that’s a difficult task with an uncertain outcome.

Short-term negative results can be unsettling, but by following a consistent, long-term investment strategy, you can keep moving toward your goals.

If you have any questions please contact me at 980-859-2549 or by e-mail at Brandon.Monette@edwardjones.com

This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.