Asking for a Friend: Do you have any suggestions on actions I can take to cope with markets in years like this?

October 10, 2022

Question: I realize there is no way to time the stock (or bond) market - but do you have any suggestions on actions I can take to cope with markets in years like this?

Tips From Kate: 

  • Make sure you have enough in cash reserves so that you aren't relying on your investments to provide living expenses. By doing this you can rely on the long-term perspective to wait out the market volatility and wait for the market to recover.

  • Invest regularly and systematically in a diversified portfolio- There is generally always an asset class performing well and an asset class not performing well. By investing regularly, especially through down markets, you can take advantage of purchasing at a lower price.

  • Don't look at your statements- If you are troubled by a down market, try not to look at your balances often or ask your financial professional for a review.

Tips From Amy: 


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