As Mike Tyson said, everyone has a plan until they get punched in the mouth. This is a good time to remember that your professional advisor is in your corner! We all have burning questions like: Are we headed for a recession? Why did the Federal Reserve cut rates in response to the stock market —and will it help stocks go up? If I shouldn't sell all my stocks — what other investments should I consider?
Here are three recent quotes from some of the world’s most trusted financial experts to help give you perspective on this unsettling time:
Above all remain calm. …. volatility is “more the rule than the exception.” Events that prompt steep sell-offs tend to recede, leaving little impact over the long haul. - https://www.ccn.com/3-ways-to-protect...
While it can be difficult during perilous times, experts say that having patience has been shown to reward the long-term investor. In fact, over the past 30 years, the average intra-year decline for the S&P 500 was almost 14%, even though the market finished higher in 22 out of 30 years… https://www.medscape.com/viewarticle/...
The need to understand the ebbs and flows of the market cycles is crucial to investors. Beyond the numbers, predictions, ratios, technical analysis and opinions of commentators, how we fare in a market downdraft comes down to one thing: ourselves. How investors choose to respond in the event of a market crisis can have significant impacts that last for years. https://www.nasdaq.com/articles/a-tal...
The worst thing you can do is make a fast decision based on the fear of the moment. Remaining calm during a stock market crash takes a bit of self-awareness. In times like these it’s especially good to know we’re not alone. So be sure to consult your trusted financial planning professional! We’re here for you!
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