Navigating uncertainty and market volatility

First, don’t let panic set in; second, stick to your investment plan. If you don’t have a plan, work with a financial professional to create one that’s right for you. A plan designed to work towards your short-and longer-term goals provides you with confidence, perspective and a path to follow during economic ups and downs. CIBC and our team of dedicated professionals want you to know that we’re here to support your ambitions. We’re here with advice and solutions to help you make well-informed decisions about your finances.

Inflation and the rising cost of everyday essentials have impacted our savings power and have made us more aware when spending on discretionary items. One of the basics to maximizing savings is to have a good understanding of your household income and expenses. The amount of surplus left at the end of a month or year will indicate how much you can regularly put aside for an emergency fund or towards other goals like saving for a child’s education or retirement.

I often advise clients to invest for the long term and take a long-term view with the markets. I also advise taking a diversified approach to investing. By that, I’m referring to a strategy that employs a wide variety of investments — a mix of stocks, bonds, real estate, industries, geographies, etc. — to help reduce risk.

Along with creating a solid plan and regularly revisiting that plan, another approach is to pay down or consolidate debt to make it more manageable. Paying down debt offers several advantages, such as lower interest payments, better cash flow, and reduced stress. It works towards increased financial freedom, which can improve your financial health and overall well-being.

No matter what, you’re not alone. We’re here for you with access to the latest market insights, along with expert advice from our team of financial specialists. We’re here to work with you to manage your plan and put your needs and priorities first.

• Be disciplined and avoid short-term reaction and panic to market volatility
• Have a plan and invest for the long term
• Have a diversified approach to investing through asset allocation
• Manage your cashflow
• Work with a financial professional
• Pay down debt

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