May 05

Four Tips to Help You Navigate Volatile Markets

The market volatility due to COVID-19 has sparked a lot of fear and uncertainty, not only over how to keep ourselves and our loved ones healthy, but also in regard to our investment and retirement accounts. It’s understandable to be concerned about your money. However, there are a few things to be aware of that may help you keep perspective and stay calm until the storm passes — and we remain confident that it will.

1) Intra-year market declines do not mean you won’t see positive annual returns. Remember to think long-term, not just about this week, this month or this quarter.

2) Stay invested. Avoid the temptation to “time the markets” by selling stocks when the market is down and getting back into the markets later. This is an easy way to miss the best days. For example, according to the JP Morgan Asset Management Guide, the best day of 2015 was August 26, only two days after the worst day, August 24.

3) Take news with a grain of salt. Reporters and media outlets are not investment experts, and part of their job is to increase viewership with alarming or attention-getting headlines and reports. Sure, it’s important to know what’s going on, but tune out when it gets too unnerving.

4) Seek the counsel of a qualified investment advisor. He or she can review your current portfolio to ensure diversification of your assets. This is just one way to help mitigate risk from financial loss.

If you need guidance to help you navigate market volatility, we encourage you to speak to one of our reputable advisors. Complimentary consultations are available by phone or web. Until further notice, in-person appointments are not available. Email contact@nwfllc.com or complete our consultation request form to request your appointment.

 

This information is not a substitute for specific, individualized advice. Past performance is not a guarantee of future results. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a nondiversified portfolio. Diversification does not protect against market risk.
Securities offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Investment advice offered through Northwest Financial Advisors, a registered investment advisor and separate entity from LPL Financial. Northwest Federal Credit Union (NWFCU) is not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Northwest Financial Advisors, and may also be employees of NWFCU. These products and services are offered through LPL or its affiliates, which are separate entities from, and not affiliates of, NWFCU or Northwest Financial Advisors. Securities and insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Other Government Agency  /  Not Credit Union Guaranteed  /  Not Credit Union Deposits or Obligations  /  May Lose Value

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