Riding a bicycle is about getting your balance and keeping it until you reach your destination. Likewise, investing requires finding and periodically adjusting the balance of assets in your portfolio to help keep your investment plan on track. […]
While the planning process should be strategic enough to take into account your assets, your age, and your life circumstances, it should also include the things that touch your heart––your family’s needs, your hopes for the future, your concerns related to risk, your ability to withstand market volatility for potential long-term gains. […]
Market volatility is an historic inevitability. There have been periods of decline throughout history, triggered by different types of events, many of which came swiftly and without notice. Trying to time the markets with consistent accuracy, determining when investments are at their top or nearing the bottom, is almost impossible, and it carries a number of risks to investors, especially those nearing retirement. […]
James Thurber, American author and cartoonist, said, “There is no safety in numbers, or anything else.” Yet many investors hold large allocations in cash or cash alternatives without realizing the risk involved. By focusing on keeping their money absolutely secure, they may compromise long-term financial goals, forfeiting potential earnings and losing opportunities. […]
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