As we've seen in the past month, volatility is back in the market. Why are we seeing this volatility and what can we do to protect our retirement plan? We've seen some robust gains in the past few years, but that might soon be changing. With changes from the Fed, interest rate hikes, and geopolitical tension the market is likely to see more ups and downs.
In most cases, people aren't great at making decisions under pressure, especially when it's an emotional choice dealing with their own finances. This is the advantage of working with an advisor. You are working with someone that understands volatility and they can keep you level-headed when the market starts to turn. On today's episode, we'll explore ways you can protect yourself against a bear market through diversification, risk management, and more.
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Timestamps (show notes):
1:57 - What's causing market volatility?
14:36 – Avoid emotional decision making
18:26 – What does it mean to diversify?
23:47 – Don't get stuck on a loss
28:25 – Manage your risk and plan for opportunity
32:47 – Have an adaptive retirement plan
