When the market seems to be a roller coaster, it might be hard to stay calm and keep your cool. But, there are many ways you can help yourself during these periods. Some of the ways to stay calm during crazy markets include:
One thing that can help you during market fluctuations is to keep a diversified investment portfolio. One way to diversify your portfolio is through asset allocation. Asset allocation means to have your investments in separate classes. An example would be to have 60% stocks, 30% bonds and 10% cash. One way to determine what asset allocation might be best for you, is to figure out how much risk you are willing to take.
It’s easy to stay focused on the day to day returns especially during a fluctuating market, but it’s best to try to keep your eyes on long term investing goals. You are the only one who can determine how much investment risk you can handle, but having a financial professional available to discuss current situations and your long term goal can help.
When the market is down and your investments lose money, you may be tempted to pull out of the market and put your money into something more stable. This might be a good move for you, but only if it corresponds with your long term financial goals. Obviously losing money is not what anyone wants, but, the market can bounce back. Your response to the market will depend on how many years you have to invest. If you’re retired or close to retirement, you might want to put your money into more safer accounts. If you are still in your 30s or 40s and have many years left to invest, then leaving the money in the market might not be a bad thing. Everyone’s situation is different.
Handling market volatility can be stressful but here are 11 Ways to Help Yourself Stay Sane in a Crazy Market. When the market is fluctuating, it helps to have someone you can talk to about your retirement accounts. Everyone is different and has a unique situation which is why it’s important to have an advisor you can reach out to. No one likes to call a 1-800 number and talk to a different person every time about their accounts. At MPM Financial, we believe you need to have a personal relationship with an advisor that is able to talk with you about your accounts any time you want. Reach out to Peter O’Brien today for more information and see how he can help you during a hectic market.
MPM Financial succeeds by offering excellent customer service and sound advice to individuals, families, & businesses in many facets of financial planning.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of MPM Financial Corporation and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services and insurance products are offered by MPM Financial Corporation, a Registered Investment Advisor in the State of Minnesota. Being registered as a registered investment adviser does not imply a certain level of skill or training. MPM Financial Corporation is not affiliated with or endorsed by the Social Security Administration or any government agency.
The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Minnesota or where otherwise legally permitted. All written content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions.
Images and photographs are included for the sole purpose of visually enhancing the website. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.