Russia’s invasion of Ukraine is an important reminder that geopolitical risk is a part of investing in global markets.

Even when a geopolitical event is combined with an economic recession (the “perfect storm”), “investors were very likely to experience gains three, six, and 12 months later. Patience was rewarded.”

As an investor, you should focus on things you can control (your asset allocation, costs, fees, tax deferral or avoidance), and ignore those you can’t.