Wild is a Mild Word to Describe the Stock Market Lately

I don’t like to feed into the media hysteria when it comes to stock market drops.  As I say repeatedly to clients, friends, in this blog, and to my cat, stock market recessions are a normal part of the economy.  They last on average 12-18 months, so the pain is temporary.  Drops in the stock market are buying opportunities, not signs to sell at a loss.

By the way, I’m not saying we are in a recession.  You never know you’re in a recession until it’s almost over!

However, my loyal readers may be feeling uneasy, so I shouldn’t ignore your concerns, either!

I like this article from the Wall Street Journal (via www.fidelity.com) about what not to do during volatile stock markets.  The five “don’ts” are:

    1. Don’t panic
    2. Don’t fixate on the news
    3. Don’t be complacent
    4. Don’t get hung up on talk of a “correction”
    5.  Don’t think you or anyone else knows what will happen next

For more details, click through to the article:  https://www.fidelity.com/insights/investing-ideas/5-things-investors-should-not-do

 

If these topics sound like they would be of interest to your employees, sales conference, or professional organization, contact me at 303-324-0014 or kristi@sullivanfinancialplanning.com for more information.

 

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Kristi Sullivan

My name is Kristi Sullivan and I have been helping people achieve financial security since 1996. I am a fee-only financial planner and public speaker. I do no investment or insurance sales for commissions. My clients pay me for guidance through their financial questions. I also work with employers to educate their employees about personal finance. I have been helping people make financial decisions for 18 years. I have worked in employee benefits and with individual clients/families. I hold the Certified Financial Planner designation. Sullivan Financial Planning, LLC is a Registered Investment Advisory firm with the State of Colorado. Areas of expertise include prioritizing savings goals, investment allocation, and wealth manager searches.