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Tackling Investor Fears
Do you have most of your money in money markets, CDs, and cash and are afraid to invest in the market? We'll discuss pros and cons, today on Elevate Wealth.
If you are ready to move past your fears, we’d be glad to help! Schedule a free consultation. Just visit our Website below, and click the Let’s Talk button!
🔗 Website: https://elevate-wealth.com
🔗 Facebook: https://www.facebook.com/elevatewealthadvisory
🔗 Instagram: https://www.instagram.com/elevatewealthadvisory/
Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips!
FULL TRANSCRIPT:
One of my clients recently said, "I have most of my money in Money Markets and CDs and cash, and I'm afraid to invest in the market because my parents' portfolio went down 40% during the global financial crisis. What do you recommend?' I often hear this, and when I do, it's usually because of a past experience that a client had or maybe one of their family members experienced. Remember, if you stayed invested during a financial crisis, any loss was a temporary decline in value and it was not a permanent loss. The only permanent losses in the broader market were when people liquidated an investment at a loss. In the world of finance, we call this behavior "loss aversion." Fear and loss aversion can lead to knee-jerk reactions during volatile times in the market. Investors tend to fear losses more than they value equivalent gains, leading them to make risk-averse decisions, including holding on to losing Investments for too long. Investing is a long-term endeavor, and we do experience temporary declines along the way. Diversification can help reduce the impact of volatility and declines. To have a sustainable retirement income that outpaces inflation, we must plan to have a retirement income that rises at least as much as your cost of living. So we have to remain invested through the downturns so we can capture the recoveries when the markets turn. For our clients we emphasize the importance of focusing on long-term goals rather than short-term declines and volatility. Most importantly, we try to help clients manage their emotions by setting a long-term investment strategy and not reacting to short-term fluctuations. Maintaining a long-term view is key and will help investors have a successful experience over time. Do you need help creating long-term goals? Schedule a free consultation with us. visit elevate-wealth.com and click the "Let's Talk" button. Thanks!
#AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct #InvestmentPhilosophy #RetirementPlanning #ElevateWealthAdvisory #FinancialMarkets #stocks #retirement #StockReturns #InvestmentStrategies #FinancialPlanning #WealthBuilding #WealthAdviceForYourBestLife #election #politics #financialmarkets #financialplanning
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By Elevate Wealth AdvisoryDo you have most of your money in money markets, CDs, and cash and are afraid to invest in the market? We'll discuss pros and cons, today on Elevate Wealth.
If you are ready to move past your fears, we’d be glad to help! Schedule a free consultation. Just visit our Website below, and click the Let’s Talk button!
🔗 Website: https://elevate-wealth.com
🔗 Facebook: https://www.facebook.com/elevatewealthadvisory
🔗 Instagram: https://www.instagram.com/elevatewealthadvisory/
Subscribe to our channel and hit that notification bell 🔔 to stay updated on the latest investment strategies and financial planning tips!
FULL TRANSCRIPT:
One of my clients recently said, "I have most of my money in Money Markets and CDs and cash, and I'm afraid to invest in the market because my parents' portfolio went down 40% during the global financial crisis. What do you recommend?' I often hear this, and when I do, it's usually because of a past experience that a client had or maybe one of their family members experienced. Remember, if you stayed invested during a financial crisis, any loss was a temporary decline in value and it was not a permanent loss. The only permanent losses in the broader market were when people liquidated an investment at a loss. In the world of finance, we call this behavior "loss aversion." Fear and loss aversion can lead to knee-jerk reactions during volatile times in the market. Investors tend to fear losses more than they value equivalent gains, leading them to make risk-averse decisions, including holding on to losing Investments for too long. Investing is a long-term endeavor, and we do experience temporary declines along the way. Diversification can help reduce the impact of volatility and declines. To have a sustainable retirement income that outpaces inflation, we must plan to have a retirement income that rises at least as much as your cost of living. So we have to remain invested through the downturns so we can capture the recoveries when the markets turn. For our clients we emphasize the importance of focusing on long-term goals rather than short-term declines and volatility. Most importantly, we try to help clients manage their emotions by setting a long-term investment strategy and not reacting to short-term fluctuations. Maintaining a long-term view is key and will help investors have a successful experience over time. Do you need help creating long-term goals? Schedule a free consultation with us. visit elevate-wealth.com and click the "Let's Talk" button. Thanks!
#AdviceInAction #ElevateWealth #WealthWise #FinancialFitness #FinancialReview #StockMarket #taxes #TaxCuts #TaxCutsAndJobsAct #InvestmentPhilosophy #RetirementPlanning #ElevateWealthAdvisory #FinancialMarkets #stocks #retirement #StockReturns #InvestmentStrategies #FinancialPlanning #WealthBuilding #WealthAdviceForYourBestLife #election #politics #financialmarkets #financialplanning