Don’t go batty over fluctuations. Don’t let this almost Halloween dip scare you. The market goes down, the market comes back up. Stock prices react to many factors, and they increase or decrease in value. Taken as a whole, these changes affect different indices: the NASDAQ, the Dow Jones Industrial Average and the Standard and Poor’s 500. These numbers are reported throughout the day to reflect different segments of the market.
Instead of worrying about these often volatile numbers, it is better to have a long-term strategy for most of us. Unless you are buying and selling on a daily basis, using a Certified Financial Planner (CFP) to keep track of the market and watch for general trends is a sound financial strategy.
A good CFP will help you diversify your money to ride out any short-term losses and have a resilient financial future. A CFP has seen down times in the market and has experience to deal with this. So, instead of panicking and hiding from the dark market ghouls, prepare with adequate planning. These times are when your financial planner can be most helpful.
Les Merritt. CFP, has ridden out the storm with many of his clients over the years and understands what to do. Contact him to help you whether the market is up or down. Don’t go batty. Call Les Merritt and his staff at (919) 269-8553 to help assure your financial future and keep the bats in their belfries and you safe on the ground.