In this Issue
- Thriving with Stocks – Is This Downturn Different?
- Align Your Financial Life with the Dreams You Want to Protect
- Five Boring but Important Financial Chores to Complete Right Now
- Where There’s a Will, There’s a Way to Control What Happens
Thriving with Stocks – Is This Downturn Different?
By: Ken Robinson, JD, CFP®
The stock market has given us some especially volatile days lately. The war in Ukraine, interest rates, high inflation (and the supply chain issues that contributed to it), and speculation about mid-term elections have all been in the news.
Each story has the potential to move investment markets. Is the news telling us anything we need to know about managing our savings and investments? Is this downturn different? And what do you do about it?
The answer is simple: you do the same thing you do when the market’s rising. Understand that nothing lasts forever (including falling stock markets) and stick to your plan. Sure, this market sell-off was sparked by several issues we haven’t seen in quite this combination before. But that’s true of every prolonged downturn – each is caused by unique specific circumstances. And the stock market inevitably recovers and goes on to create new record highs based on the same foundation that makes stock markets work in the first place.