The Power of Planning: Experts Discuss Importance of Investment Strategies Amid Market Fluctuations

In a recent episode of the Stock Exchange Foundation’s Markkinaraati program, experts emphasized the importance of having an investment plan to avoid unnecessary panic due to market movements. CEO Sari Lounasmere recommended considering your investment goals and risk tolerance in a long-term perspective to be better prepared for changes in the market. Actian portfolio manager Paavo Ahonen also stressed the importance of having a solid investment strategy to make informed decisions during market fluctuations.

Lounasmere advised that any time is a good time to start investing and recommended starting small to gain experience in the market. Chairman of the Board of Suomen Sakesæstäätägi Karri Strait suggested a strategy of making investments at regular intervals, such as the first day of every month, regardless of market conditions. This approach can be particularly beneficial for index investors who may not have a background in economics.

Geographical diversification was also discussed, with Salmi highlighting the benefits of investing in the Helsinki Stock Exchange for access to global markets and diversification. While investing in the US may offer better long-term returns, Ahonen mentioned the importance of time diversification when investing in different markets. Overall, experts recommended having a clear investment plan, considering different markets for diversification, and starting small to gain experience in investing. Regular updates to the investment portfolio and a careful evaluation of potential profitability are essential for successful investing.