This market volatility is what we’ve been training for.💪🏽
Core beliefs we work to instill in our clients:
1. Time IN the market > Timing the market.⌛
2. You don’t realize gains or losses until you sell your holdings. Stay the course.🗺️
3. Diversification is key🔑
- The S&P 500 is down for the year, but bonds and international stocks are up for the year.
4. Personal Finance is just that...personal.✅
- Are you appropriately allocated for YOUR goals?
5. We’ve been through this before.😷
- March 16th, 2020 the market experienced significant volatility and uncertainty as the pandemic spread and economic activity slowed.
- The S&P was down 12.91% in ONE DAY.
- What did the S&P 500 perform for that year? +16.26%
- Volatility is part of the process.
6. Buy low and sell high.📌
- If you move money to more conservative investments during times of volatility, you are selling low - the opposite of this core investment philosophy.
- Consider buying during drawdowns in the market.
- Right now would be a GREAT time to make a Roth contribution or to do a Roth conversion.
7. When in doubt, pan out.
- Remember the bigger picture. We work with you on planning to ensure we don't lose sight of what we're really working toward. 🌴
S&P 500 – A capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.