While it's impossible to predict the future of the stock market, it's hard to deny we are in the eye of a storm. Without a doubt, investors are feeling a bit uncertain about the times ahead. But, there are things you can do to position yourself financially during this time of market volatility.
{AUDIO} Being Positioned in the Eye of the Storm
Plan
A plan should include protocols for the way you are going to react in times of volatility. Some examples would include determining the point in which you choose to rebalance your portfolio or purchase certain funds or stocks. A plan will help you take the fear out of your decisions. This is especially important, because the points of highest fear usually coincides with the biggest opportunities in the market.
Portfolio
Having the right plan and protocol in place will give you a much better handle on building the right portfolio. It is crucial to have an investment model that is built to withstand this kind of storm. As we always say, you must have a goal for your money that takes into account your specific retirement plan.
People
It's impossible to overemphasize the importance of others during financial storms. You need to be connected to other experts in the financial world; not only for information, but to keep reigns on your emotions. Having greater perspective in the storm we are in will help you make the best decisions possible.
If you need help navigating turbulent times, please, give us a call at 320.222.4236 or email me directly at ben@taatjesfinancial.com.