Markets. I'm uncomfortable, you're uncomfortable.
So, where's the best place to focus in a messy and volatile down market?
Forecasting is incredibly tough and generally not useful in most cases – think back to last year’s 'transitory' talk on inflation.
That's why here is where we are focused:
1️⃣ Savings and contribution rates - increasing the amount you save and invest
2️⃣ Keeping up with automatic contributions - consistency is key and automation eliminates emotion
3️⃣ Building cash reserves - cash provides flexibility and a chance to act on opportunities. Savings rate is going to become incredibly important in this changing market.
Putting a plan like this in place can lessen some of the negative emotion and provide something to feel good about moving forward.
I would love to hear your thoughts.
The opinions voiced in this material are for general information only. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.