How are you doing? Are you able to ignore the news and market tickers or is it causing you to lose sleep?
If you are seasoned to the market’s volatility, and not losing sleep, stay the course and don’t fall victim to fear which is dangerous
It is normal to feel like you must make a change while things are in chaos mode- if you MUST make a change, consider going down a risk level/model- meaning if you are 70/30, drop to 60/40, etc if that will help you not do something drastic like pull totally out of the market
For those of you that see this like Mr. Buffet as an opportunity, consider going from 70/30 to 80/20 and adding more stocks while things are low, recognizing it may get worse before it gets better over the coming months.
Do you realize that your financial plan has cash and bonds built into it, for these types of seasons, so that you don’t have to react to the fear? If so, your plan is working. If not, my entire team is here to figure out what tweaks we need to make to get you to that comfort level.
My entire team is here helping clients one by one, and most of our clients have been able to focus on family and friends and ignore the temporary market pullbacks and have faith in its comeback. Some are nervous, and I understand and hold deep empathy for those feelings and will bust my tail during times like this to hand hold every person and family under my team’s watch. That is my 110% commitment.
Any opinions are those of David Adams and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. Investing involves risk and you may incur a profit or loss regardless of strategy selected