The Russia-Ukraine crisis is raising "a little bit of concern" among investors, but "I think for now it's not too much" — although financial markets could be affected if the situation doesn't end soon, according to Peter Mallouk, CEO and president of the Overland Park, Kansas-based RIA Creative Planning.
"My personal opinion on that is I think what's happening now, with the United States engaging basically not in the military warfare component but in the supply of military arms and economic warfare and probably cyberwarfare, [is] that this is new ground," he told ThinkAdvisor on Monday.
"And there tend to be unintended, unanticipated consequences for markets and humanity when things like this happen," he said.
"It wouldn't surprise me, if we don't get a resolution quickly, if we don't have a significant, unanticipated consequence here that could really impact the financial markets," he added.
Mallouk cautioned investors in a Feb. 24 tweet, saying: "Your short and long term financial well-being should never be dependent on external events. Always have a portfolio that ties back to a financial plan. Always."
In another tweet that day, he warned: "If you are even the slightest bit fazed, your portfolio's objectives are dependent on forces beyond your control. That should never be the case."
On Tuesday evening, he tweeted: "41% of the natural gas and 25% of the crude oil imported by the 27 nations that make up the European Union is supplied by Russia. 40% of the Russian govt's total revenue comes from natural gas and crude oil. Energy independence is critical to maintaining a position of strength."
