Hold on tight
Many individuals were not only frightened, but scared out of the stock market near the end of 2008. You may recall the market diving and the Bush administration implementing policies including TARP which - while it had its detractors - many believe the program saved our economic system from additional consequences.
Clearly some benefited who should not have, while others - including Lehman Brothers - went "belly up" or were devastated.
Over the past four years, market values have gradually increased although turmoil and uncertainty within the financial system continues worldwide. There have been periods of high volatility as markets react to politicians posturing and maneuvering, before addressing debt ceilings and the financial stability of some member countries within the EU.
During these periods, it's particularly interesting to watch and read as the savvy mega rich (including Warren Buffett) often increase their positions in equities as the market declines and as the average investor sells.
While most people naturally become apprehensive during turbulent periods, others see opportunity in companies whose stock prices have declined in spite of good management and adopt an outlook for long-term growth.
As you ponder your future, even if retirement is many years off, this is a great time to look at your current portfolio and investments, discarding those that may not now meet your goals or expectations and replace them with ones that have a better potential for the future.
Periodically reviewing and rebalancing your investment portfolio is important - including holding or increasing positions in good companies and selling those that are no longer positioned for success.
Happy days!


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