7 Things we Learned in 2020

Morningstar experts share the lessons they learned in an unprecedented year

Holly Black 29 December, 2020 | 9:44AM
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2020

This year has been a rollercoaster ride for investors to say the least. For many people, 2020 will have been their first experience of a bear market and a sustained period of volatility. Did you make mistakes or learn an important lesson this year? At Morningstar, we certainly did:

Don’t be Afraid to Talk about Money

Susan Dziubinski, Content Director, Morningstar Inc

My biggest financial lesson in 2020 was to keep your estate plans in order and up-to-date – and to clearly communicate those plans to your beneficiaries and named agents. The pandemic served as an all-too-real reminder for my husband and I to revisit the terms of our wills, trusts, and powers of attorney.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk