The holiday table is a good place to talk about what you and others in your life would consider a positive outcome going forward; whether that’s upcoming milestone celebrations like weddings, your philanthropic goals, your work ethic, or even renewed focus on your values.
The markets are ending the year with continued volatility, and you may be wondering if this is the new normal, or if it’s the beginnings of a bear market. The answer could be both, as economic conditions are changing.
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Fidelity’s Jurrien Timmer explains in his recent white paper that this is exactly what the market should be doing. It also reminded me of the old saying – it’s not market timing but time in the market that makes you a smart investor.
So, what is the best path forward for your investments? There are a few key things we can do right now, like assessing your risk tolerance, evaluating your time frame, invest for your goals and not returns. It may also be a great time for you to take advantage of the market downswing and save more for your long-term financial security. It can be a good time to buy.
So, end the year strong by staying focused on your plan. With financial security comes peace of mind, and peace around the holiday table.
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