If you’ve been paying attention to the stock market lately, you’ve probably noticed it can’t seem to make up its mind whether it’s going to finish in the green or in the red each day. While the market is up for the year, it’s impossible not to speculate about what this volatility actually means, and more importantly, how it could impact you directly.
For those who don’t need to touch their investments for the next 30-40 years, it’s a little easier to look with one eye and move on to the next task of the day. Ups, downs, and volatility will happen numerous times throughout the careers of long-term investors. Long-term investors can view the dips as opportunities to buy “on sale.”
If your time horizon is short however, it’s normal to experience some anxiety about what this volatility means for you personally. If the market is down, it’s not as much fun if your “sale” experience is trading your favorite USDA Prime for canned meat. If you need to withdraw $5,000 a month from your portfolio to supplement your income, the impact of that withdrawal is greater if your portfolio value is decreasing.
We don’t have a crystal ball. There is no “unicorn” investment out there. (If someone tells you they have one…run!) If you’re a retiree, or retirement is soon, what can help you ride out this volatility? We found this great article to help you navigate the current environment. If you are currently working with an advisor, these talking points should regularly come up in your meetings.
Please remember our team is here to help. We have built a team that can not only see you to retirement, but also see you through retirement!
MAKE A PLAN, MAKE AN INVESTMENT, MAKE A DIFFERENCE. WE CAN HELP.SM
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