When volatility increases, many investors become uncomfortable and may consider making changes to their investments.
Anytime we have a significant concern, it is essential we take a step back and assess the situation with the proper perspective.
Normal, Not Easy
Volatility, while uncomfortable, is a normal and natural part of stock markets. It has always occurred, and we can expect it will continue to occur.
Volatility is the price investors pay for equity-like returns. But that doesn’t mean it is easy.
Whenever we see bold headlines and declining markets, we can become worried, anxious, and even fearful. These emotions can influence us to make unwise investment decisions.
Do Not Look
Therefore, one of the best ways to survive volatility, is to simply choose to not look.
Paraphrasing Warren Buffett, “The market is an efficient mechanism that transfers wealth from the impatient to the patient and disciplined investor.”
We can best survive the occasional storms of market volatility by mentally preparing for it to occur, ignoring it when it occurs, and exercising patience and discipline during the tough times.
– Kaleb Paddock, CFP®
You can learn more about Ten Talents and Kaleb Paddock, a financial advisor based in Parker, Colorado, by clicking here.
Kaleb can be reached at (720) 710-0939 or firstname.lastname@example.org.
You can check out the Ten Talents YouTube channel by clicking here.
Hi, I’m Kaleb. and I’m the Founder of Ten Talents. I’m blessed to be regularly featured in CNBC, MONEY, and Business Insider personal finance articles. I’m a CERTIFIED FINANCIAL PLANNER™ (CFP®) Professional based in Parker, Colorado and I’m a fiduciary and fee-only advisor.
Put simply, this means that I don’t sell you financial products. I act in your best interest at all times. And my pricing is clear and easy to understand.
My Client are Eyeing Retirement Decisions
My clients are eyeing retirement decisions, often work at technology companies, or have experienced a sudden money event (inheritance, home sale, business sale, stock IPO, gift).
I love bringing confidence and clarity to your financial situation and I’m passionate about helping you take control of your financial future.
You can learn more about me and Ten Talents by visiting my website: www.tentalentsfp.com.
©2022 The Behavioral Finance Network
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