Kurt Mueller’s personal investment strategy hasn’t changed a bit since Russia invaded Ukraine, and he has helped his clients avoid panicking about the current uncertainty surrounding the stock market.
Mueller, the certified financial planner for Apollon Wealth Management’s Augusta office, called each client to discuss the situation and ease their anxiety. His advice on investment strategy varies based on a client’s age, risk tolerance, and financial goals, among other factors.
“Some investors make major changes based on news headlines,” he said. “I’m not sure that’s the correct approach.”
In the wake of the Russian invasion, investor behavior has changed, and that’s begun to affect stock yields.
“We’ve seen investors fleeing towards safety by buying more bonds and fixed-income assets,” he said. “Bond prices and yields are inversely related.”
On an individual level, some markets have seen much higher returns than others. For example, oil prices have increased exponentially, but the financial market hasn’t fared nearly as well. Many people are particularly uncertain about investing in Russian-based companies.
Mueller said there’s no need to panic because this situation appears to be temporary, and he doesn’t believe it will have a lasting effect on long-term investments.
“Volatility exists in all investments,” he said. “In good times, clients and investors forget that.”
For more information about Apollon, visit apollonwealthmanagement.com or call 706-855-8848.
