When the financial markets are in turmoil and account balances start to fall, there is a strong temptation to ask your financial advisor to “do something” to stem any perceived losses. Yet it is often the case that staying the course—or doing nothing—proves to be the better path.
Sometimes the hardest thing to do...is to do nothing.
While this advice is well served to those who are properly invested for the long-term, it may not be the correct advice if you are not invested properly or your time horizon doesn't allow for markets to recover. Proper planning is crucial to being able to stay the course when rough weather is approaching or is already hammering your ship. The best time to make any course corrections is long before any corrective action is forced upon you by the market.
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