The simple answer is to invest wisely, which means safely. There have been signs recently that the markets are growing again after last year’s shocks, but there are also warnings that this may only be a temporary bubble and that current stock prices will tumble if vaccinations don’t bring the kind of economic rebound the world needs this year.
Much of the current positivity is based around the vaccination programmes and the hope that they will return life to pre-Covid normality. But last year we also saw the impact that bad news could have on the markets.
The FTSE 100 rose last summer as infections fell, and then dropped back when the UK officially went into a recession. It fell again as the infection rate began to creep back up and new lockdowns came into effect in autumn and winter. With new strains still spreading and causing further uncertainty, there’s no guarantees 2021 will see a smoother ride.