Ways to Handle Stock Market Swings

It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are a few ways to help keep yourself from making hasty decisions that could have a long-term impact on your ability to achieve your financial goals.

Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are a few ways to help keep yourself from making hasty decisions that could have a long-term impact on your ability to achieve your financial goals.

1. Have a game plan

Having predetermined guidelines that recognize the potential for turbulent times can help prevent emotion from dictating your decisions. For example, you might determine in advance that you will take profits when a security or index rises by a certain percentage, and buy when it has fallen by a set percentage.

2. Remember your road map

Solid asset allocation is the basis of sound investing. One of the reasons a diversified portfolio is so important is that strong performance of some investments may help offset poor performance by others.

3. Look at the rear-view mirror

If you’re investing long term, sometimes it helps to take a look back and see how far you’ve come. It can be easy to forget any progress you may already have made over the years. Though past performance is no guarantee of future returns, of course, the stock market’s long-term direction has historically been up.

4. Seek Advice

One of the most important aspects of handling market swings is to review your portfolio with your financial advisor. Our team at TFCU Financial Advisors is here to help you determine what plan is best for you. Call us to schedule a no cost, no obligation appointment with one of our financial advisors.

TFCU Financial Advisors
6501 Tinker Diagonal, MWC
(405) 737-0006
TFCUFinancialAdvisors.org

Securities are offered through RAYMOND JAMES FINANCIAL SERVICES, INC., Member FINRA/SIPC, and are not insured by NCUA or insured by any other government agency. Funds are NOT GUARANTEED nor are they deposits or obligations of the credit union or any affiliated entity of the credit union, and are subject to risk, including the possible loss of principal. Tinker Federal Credit Union, Tinker Financial Services, LLC and TFCU Financial Advisors* are not registered broker/dealers and are independent of Raymond James Financial Services, Inc. Investment advisory services are offered through Raymond James Financial Services Advisors, Inc., a non- affiliated third party provider to Tinker Financial Services, LLC and Tinker Federal Credit Union. All investments and information are intended for U.S. residents only. * TFCU Financial Advisors is a registered trademark and ‘dba’ of Tinker Financial Services, LLC. Some portions of this information was prepared by Broadridge Investor Communication Solutions, Inc. Remember that, while they’re sound strategies, diversification, asset allocation, and dollar cost averaging can’t guarantee a profit or eliminate the possibility of loss. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.
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