Three key things weighed on the markets this week, with talk of a potential trade war continuing to dominate:
- Trade: Trump announced trade restrictions against China, stoking ongoing fears of a trade war that could slow economic growth.
- Rates: The Fed raised the federal funds rate by a quarter percentage point to 1.75% and left us wondering whether its policy will turn out to be hawkish or dovish.
- Tech: **Facebook** is under fire for allegedly not protecting user data, which dragged down the value of stocks in the technology sector.
MoneyLion Plus has you covered
As we’ve said in recent market updates like our post on tariff and trade concerns, the MoneyLion Plus approach of investing $50 or more each month in four diversified exchange-traded funds (ETFs) is designed to help withstand the kind of short-term volatility that these events create.
Additionally, when you invest in an ETF, your investment is diversified across the many stocks or bonds that the ETF holds. So, if Facebook or the technology sector takes a hit, the diversification of your ETF may absorb the short-term drop.
Keep your eyes on the prize
The name of the game is staying focused on your long-term goals while reaping the benefit of compound interest by remaining invested over time. The goal with MoneyLion Plus is to lead you to $2,000 in your Plus investment account within two years.
Bonus opportunity for Plus members
With our new referral program, Plus members get $10 per friend invited to MoneyLion Plus -- and can get a bonus of up to $2,000 for every three referrals. Scoop up bonuses by helping your friends get a guided investment account, access to 5.99% APR loans, and daily cashback with MoneyLion Plus. Details here.