Strategies to Survive a Volatile Market
On this weekend’s episode of Better Money Boston, Joel Johnson, CFP® discusses market volatility, which is when the market experiences unpredictable, often sharp, price movements over a period of time. Joel talks about how your emotions play a role, when to invest your money, and getting help in this WCVB Channel 5 segment.
Your behavior is often your biggest impediment. Emotions can play a big part in your investments and timing the market does not work; You may feel inclined to pull your money out of the market during a downturn, but keep in mind that downturns are expected. If anything, that’s when you want to put your money in and leave it be. To stay consistent, it’s recommended to invest money in the market each month if you are not retired yet.
If you are someone whose emotions tend to take over and leave you without confidence, consider getting help to survive a downturn. Borrow somebody else’s confidence. Some things in life require a coach, and investments are one of them.
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