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Stock prices are at all-time highs and some big names like Jeff Bezos and Mark Zuckerberg have sold off millions of dollars of their company's stock. This has led to speculation that there could be a market pullback, possibly due to the upcoming election. However, it's important not to let these actions by billionaires freak us out about overall market expectations. It's normal for individuals to take profits off the table as they approach retirement. Emotional reactions to market headlines can lead to rash decisions, which is why having a good financial advisor is valuable. The Dow Bar Study shows that retail investors often guess wrong when trying to time the market. Instead of trying to time the market, it's better to stick to a long-term plan and adhere to principles like diversification and dollar-cost averaging.
For more information visit www.retireatlradio.com
See omnystudio.com/listener for privacy information.
By Vincent Financial GroupStock prices are at all-time highs and some big names like Jeff Bezos and Mark Zuckerberg have sold off millions of dollars of their company's stock. This has led to speculation that there could be a market pullback, possibly due to the upcoming election. However, it's important not to let these actions by billionaires freak us out about overall market expectations. It's normal for individuals to take profits off the table as they approach retirement. Emotional reactions to market headlines can lead to rash decisions, which is why having a good financial advisor is valuable. The Dow Bar Study shows that retail investors often guess wrong when trying to time the market. Instead of trying to time the market, it's better to stick to a long-term plan and adhere to principles like diversification and dollar-cost averaging.
For more information visit www.retireatlradio.com
See omnystudio.com/listener for privacy information.