Well, it’s been an interesting time on Wall Street. The S&P 500 and the DJIA both hit record highs ( https://finviz.com ) on April 29, 2019. That’s sure to be a headline in this week’s papers. Media pundits will tell you they think they know what the market will do next. Some will say the market will go up or the market will go down. As always, that means one thing, no one knows for sure what the market will do tomorrow, the rest of the week or the rest of the year.
When I work with a client, I suggest several things:
1. Make sure you have an investment plan based on the goal you are trying to achieve.
2. Next, consider your “risk tolerance”, that is, how much up and down can you emotionally tolerate in the value of your investment to get a satisfactory return.
3. Be sure your portfolio contains investments that take the considerations of items 1 and 2 into account and stick to your plan, with modifications for changes in the economy, world events and the like.
4. Review your plan regularly to ensure it still meets your goals and adjust as necessary. The only thing certain in life is change. Be sure to take these changes into account during your regular plan reviews.
These are suggestions based on how I work with my clients. Personally, I believe them to be essential in striving for good outcomes in one’s investing experience. In my practice, we call them the 4P’s, Purpose, Plan, Portfolio, Partnership.
What are your thoughts on investing? Write or call, I’d love to hear your thoughts!
All the best,
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. All investing involves risk including loss of principal. No strategy assures success or protects against loss.
*All investing involves risk including loss of principal. No strategy assures success or protects against loss.
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