Keeping a level head during potentially volatile market times is key. It’s important to keep in mind that, no matter what is happening internationally in the moment, your investment in the market is long-term. On any given day, the market will rise and it will fall. Sometimes the highs and lows will be more drastic than other times. A well-constructed portfolio is built to stand up to market dips.
This idea sounds well and good, but in the heat of the moment when the newspaper headlines are all screaming “disaster,” it’s tough to view your stock investments calmly. In these cases, it’s smart to ignore short term market happenings all together. Forcing yourself to focus on the bigger picture can help ease the in-the-moment stress. It’s also important to keep in mind that although the headlines might be foretelling the end of the financial markets as we know them, that doesn’t mean these happenings directly impact your portfolio. Do a little bit of research and monitor your own portfolio’s ups and downs rather than getting caught up in the craziness.
Read our full article in Columbia Daily Tribune.
As a financial planner specializing in comprehensive financial planning, Tim enjoys helping clients in Columbia, MO with managing their taxes, financial risks and other financial issues.
If you would like to learn more about this and other personal financial planning topics serviced by Clarity Financial please contact us at 573-447-7007. Clarity Financial, LLC is a fee-only financial advisory firm in Columbia, MO. Appointments are welcome and initial consultations are free.
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