In like a lion, out like a lamb – that’s what they say about March.
This year it’s as true as ever, as we recently saw the collapse of Silicon Valley Bank and the subsequent government response. It has many savers and investors concerned about the financial ramifications and wondering if something similar could happen to their bank.
The good news is that most investors don’t need to be concerned. “The best strategy at the moment is probably to do nothing,” according to one expert in the Bloomberg article below. “If retail investors are saving money for long-term goals, then this SVB news is just a minor hiccup.”
Still, there are important points to know about the fast-moving situation and how it relates to your plan. Keep reading for answers. From understanding the broader economic implications to tips on how to stay resilient during market downturns, these articles can provide valuable insights.
Remember, I am always here to answer your questions and discuss any ideas you may have. Don’t hesitate to reach out if you need further support in pursuing your financial goals.
What Silicon Valley Bank’s Collapse Means for Your Money
Is My Money Safe? Here’s What Is Covered, and How You Can Do More.
Budgeting for the 4 Financial Phases of Retirement
Fear Over Social Security’s Future Leads Some to Claim Retirement Benefits Early