“And the hits just keep on coming.” This is a welcome expression when listening to our favorite music channels. When watching the market news, we would probably all appreciate a little less excitement.
Then again, as we’ve said before, it’s those “hits” – like the current market declines amidst heightened global uncertainty – that ultimately contribute to expected long-term returns. As such, while we may not want to sing the praises of recent returns, we must continue to recognize that the data is best viewed as simply part of what we must endure along the path to achieving our financial goals. After all, according to this quarter’s market review, it would appear that the only investors who experienced strong positive returns were those who loaded up on lean hog futures!
If you’re feeling that sinking feeling in your stomach at the sight of too much red, we invite you to focus on page 13 of the review and remember that diversification and a long-term outlook remain your staunchest allies along the road to wealth. If you would still like to take some proactive steps amidst the current market climate, we recommend the exercise that Carl Richards recommends in his podcast, “The Best Thing to Do During a Scary Market.” Complete the exercise, and then give us a call. We’d love to have that conversation he suggests.