Don’t Let Market Volatility Scare You Into Abandoning Your Plan

Chances are, your financial plan is one that is well thought out and includes elements of growth as well as financial conservatism.  However, it is also an almost-certainty that your wealth management plan also includes stock investments.  Retirement accounts, college savings plans, and perhaps even an income portfolio all include stocks in most cases.  As a result, all of the recently volatility from the stock market can induce panic.

Don’t give in to fear.

Ignoring Media Panic

One of the biggest reasons that people lose focus is due to media panic. Frenzied reports about a stock market rout and a terrible future tend to make people very nervous. These sensationalized reports often encourage investors to sell their stocks in an irrational panic, locking in losses and missing opportunities.
Instead of paying attention to what the media is saying about the stock market, turn off the TV and evaluate the fundamentals of your investment portfolio.  Other than the current, temporary turmoil, is anything different?  Are the companies you invest in still good companies?  Do they still have competent management?  Companies that are fundamentally strong are likely to remain strong, and make it through the tough times.  You have to be willing to ride out the storm, and look for opportunities.

Look to the Long Term

Day to day, month to month, and even year to year, a trend line for the stock market can be full of pronounced peaks and valleys.  However, that line tends to smooth out over time. The stock market has yet to lose in a given 25-year period.  Even if you look at a 15-year or 20-year period of time, things appear much less volatile.  Instead of focusing on short-term catastrophes, consider the big picture and the long term.  Media types make money off short attention spans and hysteria.  Instead of falling for the hype, take a step back and look at your portfolio from the standpoint of your long-term goals. Chances are that your current plan is likely to remain relevant, even through these unsettled times.

Finding Good Help

When the fear instinct kicks in, it can be advantageous to have good help. A family member, trusted investment advisor, or some other person you know can help you remain grounded. Before you make changes based on a knee-jerk reaction, talk it through with someone you trust – and who has a cool head. Your financial future will thank you.

Financial DNA®

Everyone has his or her own unique Financial DNA® .  The way you handle money, and your financial goals for the future, is your own.  No one does things exactly the same way, and no one else thinks exactly the same way, that you do.  So why should you settle for a financial plan that tries to fit you into a pre-determined profile?

You deserve a financial road map that charts your own unique course.  Financial DNA® starts by evaluating your money personality and helping you understand yourself. Using cutting-edge technology, Financial DNA® combines psychological and financial behavior.  Rather than trying to fit you into a pre-set plan, Financial DNA® helps you tailor a wealth management plan that reflects your individuality.

When you understand yourself, and your relationship with money, you are more likely to stick with a plan.  Instead of trying to conform to someone else’s strategy, we provide you with the tools you need to create an approach that you can stick with.

Financial DNA® will match you with an advisor who can work with you to build a financial future that looks like you.  After evaluating your money psychology and your financial behaviors, as well as aiding you as you define your objectives, you will develop a course of action most likely to help you live your best life.  Our professionals are committed to integrating your goals into your life, and providing financial mentoring services that can help you grow your wealth.

Learn about your Financial DNA, and use that knowledge to your advantage.  Our wealth mentors and advisors can aid you on your journey to a successful financial future.

Call 1-800-245-7526 or email us at financialdna@genesisadvisors.com, simply provide us your full name and email address and we’ll send you a link to the Financial DNA® questionnaire along with a username and password.

Financial DNA® is a trademark of DNA Behavior International