Dealing with Market Ups and Downs

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“In light of recent market volatility, remember that your retirement plan is intended for long-term investment. Attempts to time the market are rarely successful. One way to manage risk over time is to ensure you have a diversified portfolio that is re-balanced through up-and-down markets. Keep your individual needs, goals and time horizon in mind and consult with your financial adviser if needed. It is important to note diversification and re-balancing do not ensure a profit and do not protect against loss in declining markets”.- JPMorgan Chase Investment CouncilFree-Market

A retirement plan is not a sprint folks- it’s a marathon. There will be some declines, but the most important thing is to remember to stick to the plan and not panic! I know, it’s easier said than done, but trust me, things will change – it always does. Understand your risk tolerance. Money is just another source of energy- do not let your emotions take over when the markets drop. Research indicates that over time, it will rise again. When markets drop is the time to invest or not! That’s your choice but whatever you do- please remember that your broker doesn’t have control over the economy, so go easy and review your portfolio to see where adjustments can and should be made. My two cents? Ride it out and keep your eyes on the “end game”.

You know me by now- I like to keep it informational and short and sweet.

Until next time…

Peace and prosperity,

ET