Economic uncertainty in 2025 has challenged the average American’s wallet. Chief Investment Officer Eric Kelley offers tips on managing investments during challenging times. It’s crucial not to panic and make drastic financial moves based on short-term market fluctuations. Have a solid long-term plan, know your risk tolerance, and stay the course.

Kelley advises reevaluating your financial plan yearly, ideally with a financial advisor. Understanding your short- and long-term financial goals is key. Consider your cash flow, savings, risk profile, and tolerance to create a solid financial plan. Following this plan can help you weather economic storms without getting emotional.

Expect increased volatility in 2025 and 2026. The average investor needs to prepare for higher volatility and avoid making emotional decisions during challenging economic periods. If retirement is approaching, assess your spending rate and adjust your portfolio to withstand market fluctuations. Consider working longer or adjusting your spending plan if necessary.

Read more at Yahoo Finance: 5 Investing Tips To Combat a Frustrating Economy