Simple Tips to Navigate During Stressful Stock Market Times
Do you believe that news reports are a dependable source for investment advice? There are many experts and websites over the internet with different information. At times it can be quite alarming. Are you feeling confident that your stock market investments will hold up when the market feels as if you were on a roller coaster ride? Think about the review process that you currently have in place for your investment portfolio, if you are managing your own investments. It’s wise to have an investment strategy that is flexible and allows you the ability to exit quickly in order 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 investment professional that can answer your specific questions one-on-one when you are feeling unsure.
It’s wise to review your portfolio and lower your Risk by avoiding big losses. You want a portfolio to suit your needs within a certain time frame depending on your goals and objectives. If you are feeling stressed about your investments here are some ideas to follow that will help you in meeting your investment goals.
Simple Tips to Navigate During Stressful Stock Market Times
- Watch your investments to make sure they are doing what you expect.
- No matter the strategy you choose, it’s a good idea to measure the returns and risks compared to a benchmark index for comparison.
- You could be over weighted in a particular sector under pressure. It’s a good idea not to have too many of your eggs in one basket.
- Review your investment to see if any individual stock, exchange traded fund, or bond position exceeds 5% of your overall portfolio.
- Prepare your plan with an exit strategy to allow you to bounce back before something unforeseen occurs.
- When altering a security keep the whole portfolio in mind.
- Individual stocks are volatile; you can make money fast or lose money quickly.
- If you are investing in individual bonds review the credit rating to see they are good quality bonds.
It’s crucial that you set clear goals and objectives for your 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 when and if you are feeling stressed by about your investments. Your future finances depend on it!
You can feel good today about putting into motion a plan to build wealth without stress as you move even closer to a life of wealth and well-being. You want to have a clear plan as you embrace change with new eyes and a renewed commitment toward your future. Take time to do what is necessary in discovering ways to become more at ease with your finances. Make the decision to live a healthy wealthy lifestyle filled with less frustration so you can enjoy the life you want. As you continue your journey forward, remember to always place yourself in the best possible situation for success when creating a life full of wealth and well-being.
Let’s talk. You are invited to set up your Free 30 minute Wealth and Well-Being Discovery session with me by calling 516-778-8714 or by clicking here or send me an email at Bonnie@BonnieGortler.com. I would love to connect with you.
Wishing you health, wealth & happiness,
~Bonnie