We are know how it started – China unexpectedly devalued its currency, raising fears that its economy might be in worse shape than previously considered. It is natural to wonder how this may impact your wealth. The daily ups and downs today can be very frustrating. While we continue to be cautious, let’s remember to stay focused on the long-term. I’d like to point out that this sharp pullback has come in the wake of a seven-year bull market run.
It is vital to stay focused on long-term goals rather than short-term statement changes you may see. However, it is also vital to be sure you are on the right long-term plan – the plan that will fit your needs down the road. While there are reasons to remain optimistic about the market’s future in the months ahead – you may need to address today’s volatility.
Has your broker called you – to talk to you about your long-term strategy and how today’s market changes may affect that?
If not, let me take a look. I’ll be happy to give you a second opinion on your investments just to be sure you are not missing some opportunities.
Yes, these market changes are frustrating – but a lot less so when you have peace of mind that you are working with your broker on preparing for tomorrow as best as you can.
