The volatility of the stock market is freaking me out and I was wondering if any professionals had some words to reaffirm my investment choices. Are there any things you remember when confidence is weaning?
The stock market is inherently dynamic. In tough times, it can be important to step back from the “weather” of the moment and realize that despite the short-term volatility, stocks may continue to play a role in your long-term investment portfolio.
When economic and business conditions appear trying, that possibility is too often dismissed or forgotten. In the midst of a bad market, when every other headline points out more trouble, it can be tempting to give up and give in.
Create a financial plan with help from a professional. Form specific financial goals. Choose an investment strategy based on those goals, your time horizon, and your personal tolerance for risk. Then hang on — and lean in to the guidance of an investment advisor. It can be really freeing to let go of anxiety, fear, or uncertainty that comes with timing the markets or navigating the investment world on your own. up and give in.