Recent market events have left many investors feeling uneasy.
The Japanese stock market recently crashed 1, driven by rising unemployment rates (now at 4.3% as of July) 2, disappointing corporate earnings, and the Federal Reserve’s decision to hold off on cutting interest rates 3.
With the markets trending toward a correction, this is a critical time to avoid rash decisions and to appropriately evaluate your strategy.
Do you have a plan?
If all the headlines about market drops and volatility made you worry about your holdings, you might not have a solid plan in place. If so, now is the time to create one.
A well-thought-out plan can help ensure your savings last, no matter what happens in the markets.
Is your current plan built to weather volatile markets?
For those who already have a plan, it’s essential to judge your risk tolerance.
Ask yourself, “Was my plan created to withstand a volatile market?” Or ask yourself, “How much more can I afford to lose?”
If you’re still worried despite having a plan, you may want to consider a review of where you stand now. We can help you evaluate your risk tolerance and help you decide if your strategy could use any necessary adjustments.
Why act now?
We can’t predict when the next market drop will happen or how severe it will be.
No one had this week’s volatility marked on their calendar, and we certainly can’t say when something like this will happen again. But taking steps today can help prepare you for the future.
- Evaluate: This might be a good time to reassess your risk tolerance.
- Understand: Do you know the steps you should take in today’s market environment?
- Plan: Putting a solid plan in place can give you confidence and preparedness.
Be prepared today.
Be proactive about your financial future. call Kathy at 678-278-9632 to schedule a no-cost, no-obligation call with me to help assess your risk and determine your next steps.
Don’t let market volatility catch you off-guard. We are here to support you every step of the way.
Warmly,
Barry
Sources:
1. https://investorplace.com/2024/08/japan-stock-market-crash-today-why-are-shares-plunging
2. https://www.bls.gov/news.release/empsit.nr0.htm
3. https://www.nbcnews.com/business/economy/federal-reserve-interest-rate-decision-july-2024-rcna164048
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“History provides a crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.”
– Shelby M.C. Davis
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