Market fluctuations are enough to give anyone the jitters. But that doesn’t mean market volatility should be a reason to panic. Here are 5 tips to help you from
1. Keep your long-term plan in mind
Review your investment strategy to ensure it’s aligned with your long-term goals, and then stay the course.
2. Consider consulting with a professional before reacting
The value of your investment will fluctuate over time. When the market falls, any losses in your portfolio are only realized if you sell your holdings.
3. Consider buying when the market is down
Think of it as a sale with prices discounted from the recent market peak. Yes, prices always could fall further, but if you’re invested for the long haul, you may want to consider if this is a good time to add to your investment portfolio.
4. Seek out guidance
If you’re not sleeping at night, or your risk tolerance has changed, it’s a good time to talk with your financial professional.
5. Diversify Your Stocks and Bonds
Stocks and bonds seldom move in step with each other, so losses in one asset class may be offset by gains (or less-severe losses) in the other.
For additional information, download this free e-book “Market Volatility: 4 Ways to Protect Your Money.”
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