Don’t Succumb to the Market Roller Coaster
The markets have become volatile once again, as concerns about China’s economy add to fears of a global economic slowdown. Add to that volatility in oil prices, changes in the relative strength of currencies, and expectations that the U.S. Federal Reserve will gradually raise interest rates, and the result is uncertainty in the markets.
One of the most important things you can do to help manage the risk of volatile markets is to diversify. While it won’t guarantee you won’t have losses, it can help limit them. It was put to the test during the extreme market volatility in 2008.
Attempting to move in and out of the market can be costly, particularly because a significant portion of the market’s gains over time have tended to come in concentrated periods. Many of the best periods to invest in stocks have been those environments that were among the most unnerving.
The bottom line
To help ease the pressure of managing investments whether you are looking for retirement solutions, want to develop lifetime income strategies, or creating a legacy for your family. Now is the time to focus on developing and maintaining a sound-investing plan. A good plan will help you ride out the peaks and valleys of the market, and may help you achieve your financial goals.
Call our Registered Representative Justin Deutsch at 253-912-3299.