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.