With higher inflation and interest rates, some Missourians are cautious about investing. However, Dr. Jeff Jones, certified financial planner and department head of finance, economics and risk management at Missouri State University, asserts it is always a good time to invest, emphasizing the importance of a diverse portfolio.

“A diversified portfolio, including stocks, bonds, real estate and commodities, spreads risk and offsets poor performance in some areas,” Jones told Missourinet.

He suggests considering bonds in an investment portfolio, anticipating potential returns if interest rates decline. He advises investors to remain unemotional, noting that markets historically rebound.

He recommends investing in low-risk sectors like consumer staples and being cautious with highly cyclical industries. He views cryptocurrency as speculative and advises limiting its share in a portfolio.