5 Simple Wealth Tips During a Volatile Market
Do you watch news reports for a source of investment advice? There are many different opinions that, at times it can be confusing. Are you feeling confident that your investments will hold up well during volatile times? If you are managing your assets, what is the review process that you have in place for your investment portfolio?
It’s wise to have a flexible investment strategy that allows you to exit quickly to reduce your exposure if the stock market is not performing well. You can reduce some of your uneasiness by seeking the advice of an experienced investment professional to answer your questions when you are feeling unsure.
If you feel stressed about your investments during a volatile market, here are some ideas to follow that will help you meet your investment goals.
5 Simple Wealth Tips During a Volatile Market
- Keep risk in the forefront of your mind. Allow for enough gain but invest more than your comfort level. Assess your investments to see if you are over-weighted in any individual stock. Individual stocks are volatile; you can make money fast or lose money quickly.
- Prepare your investment plan with an exit strategy that allows you to move part of your assets to cash or a money market in a volatile market to manage your risk, so you don’t worry about your investments. Protect against a serious loss.
- When making changes to your investments, count all the assets you have in mind, and don’t hesitate to reduce your investments in small increments.
- Review the credit rating of your bonds to know if they are high-quality or lower-quality bonds that have more risk.
- Review your interest income on your bond holdings to make sure they fit your wealth goals.
Set clear objectives for your investment success. Keep an eye on your portfolio so that you will know what is or isn’t performing well. Be ready, flexible, willing, and prepared to make a change during a volatile market. Your future finances depend on it.
You can feel good today about putting into motion a plan to build wealth. You want to have a clear plan as you embrace your commitment toward your financial future. Take time to do what is necessary for discovering ways to become more at ease during a volatile market. Small changes can make a huge difference and can make all the difference in relieving the stress associated with your finances.
Let’s talk. You are invited to set up your Free 30-minute Wealth and Well-Being Strategy session by clicking here or send me an email at Bonnie@BonnieGortler.com. I would love to connect with you.
To your wealth and well-being,
~Bonnie
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