STAY THE COURSE

Stay the courseIf you decided to stay the course after the dip in the stock market at the end of last year, you would have recovered almost everything you might have lost. As of the end of last week, the stock market’s closing numbers approached third quarter highs in 2018. Those who jumped ship before the recovery of the first quarter of 2019 may have experienced a loss. They might may have to find another way to make up the difference. Fluctuation in the market (also referred to as corrections) can affect your investments quickly, before you are able to react. This is one reason most professionals propose a balanced approach with different investments to weather these corrections.

Certified financial planners (CFPs) take this into account when working with clients. CFPs gauge their client’s level of risk as well as suggesting strategies to compensate for dips in certain markets. Their professional advice can protect you against “having all your eggs in one basket” or “jumping ship” too soon. CFPs can help with your investments in numerous other ways based on their knowledge of the market and market forces.

Since most of us are too busy to follow these ups and downs in the market, a long-term financial plan is the best way to invest. This is where a Certified Financial Planner can help. These individuals look at trends and help their clients make wise investments, move money from one stock or fund to another and keep watch over trends in the market on a daily basis. They can help with short-terms investments as well.

Les Merritt, CFP and CPA, can offer you the valuable advice you need to succeed. Contact him and his staff at (919) 269-8553 to discuss how he can help you with your financial plans. Then, next time you are watching those fluctuation, be assured that you can ride out the changes and stay the course. Be secure knowing that Les is looking out for your best interests through the peaks and valleys.

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