In times of market turmoil, we at Shore Point Advisors suggest that our clients utilize a philosophy to control what they can control. Rather than trying to react to market mood swings by switching up your investments, below are 16 actions that can be taken instead. Each is within your control, and any of them can add real value to your financial well-being. As the late, great financial economist Peter L. Bernstein once said, “it’s not your wealth today, but it’s your future that you’re really managing.”
That last point is exactly why we founded Shore Point Advisors. Managing your investment portfolio through thick and thin is part of it. But our greater goal is to help you oversee all the variables we can control in your financial journey. In so doing, we’re also preparing you to move more smoothly past the market’s inevitable – and uncontrollable – rough spots.
Please note: This post was prepared by a third party.
Shore Point Advisors is registered as an investment adviser with the State of New Jersey. Shore Point Advisors only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Past performance is not indicative of future returns. All investment strategies have the potential for profit or loss. There are no assurances that an investor’s portfolio will match or outperform any particular benchmark. Content was prepared by a third-party provider. All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. All expressions of opinion reflect the judgment of the authors on the date of publication and are subject to change.
Let’s take a look at five of the most common financial adages and review why they are often much easier said than done.