Description

Sometimes the world feels scarier than average.  In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden, walk through some questions and discussions that have come up with clients who seem to be bracing for something scary to happen that will affect their portfolios.

In this episode we discuss:

• Current fears, including the growth of AI companies, geopolitical risk, housing affordability, and political tension.
• Past examples of market drawdowns, some short-lived, others that took a long time to recover from!
  • Covid downturn
  • Housing crisis
  • Internet bubble
  • Great depression
• How market cycles and economic/political cycles do not align as well as you may expect.
  • We cannot guess how the market will react to specific economic or political events.
  • The market recovered very quickly during Covid even though a lot of people were still struggling.
• How diversification can help insulate you from some risk but also help you feel more comfortable with your portfolio.

Trying to time the market could potentially be the biggest risk of all, especially if you sell when the market declines and you feel less comfortable investing.  This may mean you’re in the market for the bad days and then miss the good ones!  Try to remain consistent.  Listen to the full episode to hear more about alternative investments that offer some downside protection.

For more financial planning tips from Corey and Rachelle, find them on social media!
LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance 

Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Finity Group, LLC and Cambridge are not affiliated. Cambridge does not offer tax or legal advice.