Are you ready for market volatility?
2023 started out with positive returns across the board in all portfolios, but we gave up some of those gains in September. With the market volatility going on, people are starting to worry about investing again. Market volatility strikes a nerve for many people, and rightfully so. The FED has continued to raise interest rates, there is talk of a possible recession in 2024, and there are wars taking place.
As cliche as it may sound, staying invested long-term is the best way to protect your investments from bad economic times. Long-term investing takes dedication, focus, and patience. It is also important to keep enough cash in reserves to handle your short-term needs, that way you never have to sell your stocks for a loss. There will always be periods when there is higher market volatility, in fact, we seem to be experiencing those periods more frequently in the last few years. The bottom line is, you have to focus on the long-term.
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Casey Smith
President, Wiser Wealth Management
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