![]() ![]() Our artificial intelligence scours the markets for the best investments for all manner of risk tolerances and economic situations. One way to prevent an overreaction to days like today is to take the guesswork out of investing. The lower valuations in your investments can be disheartening but control what you can control, find the right fit for your financial life-stage and press forward. It’s also important to have trust in the resiliency of businesses to find a way to serve a need or sell a product and make a profit. These market cycles are normal and, they are a normal part of how an economy expands and contracts. Yes, the economic news was bad today, it may get worse before it gets better, but you know where you are and you know where you are headed financially. Stay calm and invest on…īe careful not to get caught up in all of the sensationalism of the headlines and media buzz. Investments are a big piece of your financial puzzle and it’s a fluid situation with this market, but also remember to consider your insurance, cash management, tax planning and estate planning too, these may not be urgent like your investments and retirement but they are important too. There are tools that can help you, there are ways to work smarter with how you hold your investments and make decisions. You need to ask the question, “What is my best next step right now, for my portfolio and my life-stage?” Yesterday’s winner could be tomorrow’s loser, it’s not wise to ignore your portfolio and assets right now. The reality is, recency bias can hurt you, and adjustments need to be made. The salient point here is that many people have become complacent with their investments because the market has roared up for over 13 years. Admittedly, I did not hold them for the long-term and sold too early but that is a story for another day. That was my mental bottom and I made some purchases that day. I still remember March 9th 2009 when the intraday trading on the Dow reached 6,500. The past 13 years with the stock market has been a pretty glorious ride upwards. Try to be safe and thoughtful with your investments, taxes and estate planning decisions. If you’re good on cashflow for your daily needs, not much changed for you today. Understand your lifestyle and how much it costs, try to understand how much income you’ll need for retirement and match this income needed to the income you’ll have from your retirement resources.ħ0’s and beyond - protect the downside, you might not be buying new stocks like you once were but income is key. ![]() Maxing out 401ks and additions into IRAs. Seek to save the max in retirement vehicles. This market downturn is an opportunity for you, your time horizon is still long for retirement.ĥ0’s & 60’s - it’s real, there is light emerging at the end of the tunnel with retirement. Your time horizon is long, particularly for those twenty-somethings planning for retirement.ģ0’s & 40’s - you’re more established, you’re not a newbie with being an adult, seek to minimize debt and bolster up 401k contributions to the maximum. If you’re in your 20’s, keep your head down, work hard, minimize debt and invest into your 401k and investment account as the market falls. If you’re analyzing your personal financial situation with all of this news, it’s important to filter this market environment to your life-stage. Where are you in your financial life-stage? ![]() ![]() The numbers matter most relative to expectations, when we are surprised, we are upset. These reports are on the economic calendar this week and they carry expectations of how bad things are, if a report is worse than expected the markets will be upset. Finally on Friday, we’ll see the Consumer Sentiment Index reported. We will see the Producer Price Index released on Wednesday, the Empire State Manufacturing Survey on Thursday along with Retail Sales data by the Census Bureau. There are going to be more reports on the economic calendar this week. ![]()
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