How ETFs can help with a long-term wealth strategy

As an investor, you’re likely concerned about the stock market’s volatility, rising interest rates and inflation, so you may be looking for new investment options to diversify your portfolio. Most financial experts recommend a long-term investment strategy that generally rides out the ebb and flows of the markets. 

Why a long-term strategy? 

“Investing can be a tricky game full of bull markets followed by bear markets and noisy short-term changes in between,” said Bryan Armour, Morningstar’s director of passive strategies research for North America. “In my experience, investors make their worst decisions when responding to that noise, by making decisions based on emotions or fear of missing out. Short-term trading leads to classic investing traps like chasing returns (i.e., buying the top) or selling at the bottom. Attempting to profit by timing the market is a common mistake for retail investors and professionals ali