Global unrest, inflation, energy costs -- it’s understandable that you might be wondering what’s coming next, and how it will impact your financial goals. Market swings are a normal part of investing, and one of the main reasons we worked together to build a financial plan.
While no one can anticipate exactly what will happen in the future, our plan takes market volatility and risk management into account as we move toward your goals. But if worry still creeps in, consider:
I also think it’s important to remember the importance of continuing our investing strategies during turbulent times. Timing the market -- “sitting on the sidelines until things calm down,” or making decisions based on short-term price changes – is all but impossible, and the risk of missing out on even a few days of strong markets can have a considerable impact on your portfolio’s performance.
Above all, don’t hesitate to contact us during these uncertain times. The market has been through worse times, but a quick check-in can help you feel more at ease when emotions threaten to outweigh your long-term plans. Whether you’ve got specific questions or ideas, or just want to review the assumptions we made when we built your financial plan, we’re here for you.
Worried about the Market? We’ve Planned for the Ups and Downs.
March 13, 2023