As the situation in Eastern Europe hurtles towards a catastrophe, many investors are questioning how this will impact their portfolios. “The strongest of all warriors are these two — Time and Patience.” ― Leo Tolstoy, ‘War and Peace’ There is no room for emotion in investing! This is one of the core tenets of building a successful portfolio. And so, while I’m not qualified to comment on the geopolitical ramifications of the events unfolding in Ukraine — which are tough to look at unemotionally — I can shed some light on how investors should manage their portfolios. This topic requires an extra minute or two of reading today, so bear with me. Should investors be worried? Here at MyWallSt, we always say that if an investment is keeping you up at night, it’s time to reconsider your appetite for risk. But with the current situation between Russia and Ukraine, the risk is harder to address as it impacts the entire market. Turn on any news outlet, open any social media feed, or — if you’re i...
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