Market Down 1,000 Points Last Week- What About You?
Last week, the Dow Jones Industrial Average was down a total of 1,000 points- yes, 1,000 points. Yesterday, it opened up another 1,000 points down. Last week was a good example of how the markets go up slowly but when they fall, they fall very fast! Are we seeing the beginning of a correction we’ve all been expecting? Or is this just another blip on the bull market run? The answer, of course, is no one knows.
As a client, you’ve taken the time to go through our Complete Planning Review and create a plan that is aligned with your goals and are more than likely already being protected against downward market moves like those seen last week. In fact, when the market was pushing down we didn’t have any clients’ calling our office concerned, which says we are doing a good job and we appreciate the trust you have placed in us. This is exactly why we spend so much time focusing on reducing portfolio volatility.
If you are reading this and are not a client, are you personally worried about the current market conditions? If so, more than likely your risk exposure is not properly aligned with your risk comfort level. Perhaps now is the time to develop a plan that hedges against market fluctuations so you can have peace of mind. You are welcome to call our office (775) 853-9033 and take advantage of our complimentary Complete Planning Review, which includes an analysis to reveal how much you could potentially lose in your portfolio and how this may impact your long-term financial security.