The market is acting up — here’s what you should do about it

Some 401 account holders were running toward safer investments after seeing market volatility on Monday, but they shouldn’t have been, experts say.

It’s also helpful to keep in mind your balance may not drop too drastically. Yes, you will see a decline in your assets if you’re heavily invested in equities, but a proper portfolio is diversified, which means it is invested in numerous types of asset classes, and thus, each will be affected differently by market volatility.

Do think carefully about your risk profile “For most long-term investors who have been through market cycles before and are comfortable with volatility, this is no news,” said Dennis Nolte, a financial adviser and vice president at Seacoast Investment Services in Winter Park, Fla. But not everyone remembers the last downturn or the drastic, albeit short, drops in the last year, and the current volatility may scare investors.

Panic and sell it all!!! The trick is to sell low and buy high! 😉🙄

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Second Act: Why It’s Not Too Late To Start A BusinessIf you’re facing your second or third act and lamenting you didn’t start sooner, I have good news.
Source: ForbesWomen - 🏆 477. / 51 Read more »

The Second Act: Why It’s Not Too Late To Start A BusinessIf you’re facing your second or third act and lamenting you didn’t start sooner, I have good news. Why?
Source: ForbesWomen - 🏆 477. / 51 Read more »

Here's where wealthy investors are putting money during market turmoilCNBC's 'Power Lunch' team discusses where wealthy investors are putting their money during amid trade war fears, with Michael Sonnenfeldt, Tiger 21 chairman. This man is clearly from the future. Heed his warning. Three months ago most of these experts were saying EGBOK, let the good times roll, no end in sight, no chance of a Recession, yadayadayada. It’s either churning or stupidity 2b so irrationally exuberant. absolutely right
Source: CNBC - 🏆 12. / 72 Read more »