Wow, What a Market!!
When markets get volatile, there are several things you can do to remove some of the anxiety.
Do nothing. Ignore the news and just ride the roller coaster.
Sell everything and put the money in a CD.
Follow your plan. If your plan says you need 7% per year to be able to retire in 8 years and, even with the volatility you are averaging 9%, then you are fine. That means keep an eye on the market, maybe rearrange your portfolio to remove any unnecessary risk, hold more cash or fixed income but mainly…be aware.
If you are in retirement you may want to decrease risk even more. This is the best time to talk to a financial planner and develop your long-term plan. Planning will help you understand what you need to save each year and what return you need to have long-term.
When the market is going straight up, you could throw a dart and pick a winner, but when the market is very volatile or down, you may want to get the advice of a professional.
Keep in mind that if you are retired, how you take your money out is very important for your long-term retirement success. A financial plan will also help with this.
Call Diana Harrison today to make an appointment to discuss your situation.
Investment advisory services offered through Financial Investment Team, Inc., an investment adviser registered with the state of Oregon. Securities offered through Peak Brokerage Services, LLC. Member FINRA/SIPC. Financial Investment Team, Inc. is a separate and independent entity from Peak Brokerage Services, LLC.
California Insurance Licenses OG28007, OE79360
Financial Investment Team
15350 SW Sequoia Pkwy., Ste. 150
Portland, Oregon 97224