With half the year behind us, now is a great time to consider some investment actions we could take. It can be challenging to know where to start, especially with high inflation and economic uncertainty causing high volatility in the markets. Here are four money tips for the second half of 2022.
1. Consider Investing Excess Cash: If you have excess cash earmarked for a long-term goal (retirement or college, for example), a downturn may present an opportunity. Over the last three years, the S&P500’s compounded annual growth rate was 9 percent. Even with all the pandemic-related volatility, that’s still shy of its historical average.1 With the downturn, the potential gain is even higher.