You should get one! Riding this market up and down and hoping for the best is not a plan.Ģ) If you do have an investment plan, stick with it! If you already have a well thought out plan about when you would sell or buy specific investments (or have someone who knows what they are doing, who does) then by all means don’t try to change things mid-stream, stick with the one who brought ya!ģ) Be actively involved in your plan for your future. Therefore, if you really don’t have a sell-side strategy, meaning a pre-planned decision about when and why you or your advisor would sell a specific investment, then you really don’t have an investment plan. 1) The “market” could care less what you paid when you purchased something. So…the following is what I mean by facing your fears of the market. However, then the excuse becomes that they “don’t want to move anything right now because the market is down.” Folks become literally paralyzed by their fear. At any rate, when triple digit losses start occurring, the fear sets in. Some may have left their 401(k)’s at old company plans or moved them to an online “do-it-yourself” outfit in an attempt to save money. Some may have visited an investment person one time, who put them in some investments but have not received any further advice or service. It’s something people find easy to put off. So what does facing the fears of the market mean, exactly?Ī lot of folks have been rocking along over the last couple of years, maybe making little headway here or there but knowing deep down they don’t really have an investment or retirement “plan” in place. I hope you decide to face your fear and rise. Forget everything and run, or face everything and rise.
Not only is it in “the air,” you can sense it in the hearts of investors. With the markets making a turn for the worst since January, the smell of fear is in the air.
Ken Grant and Melanie Hasty-Grant, owners of
0 kommentar(er)
