My Thoughts on Market Volatility

Are you worried about market volatility?  Are you worried about the possibility of a recession?  If so, you aren't alone.  We've seen extraordinarily good markets over the past several years, so it can be unsettling to see wild markets return.  But, it is the nature of the capital markets and the business cycle.  So what can you do to calm your fears?

First, I'd suggest to create a plan if you don't already have one.  This includes not only what your future goals and expectations are, but also planning your investments accordingly.  If you already have a plan, great.  Revisit that plan and ensure nothing should change.  

Second, as a general rule, if you don't need money for a specific purpose over the next 1-3 years, then I wouldn't worry too much about the market.  This depends of course on your future needs and how you are invested (you could be taking far too much risk).  However, if do need money for something in the next 1-3 years, and all your money is tied up in the market, you should probably consider freeing up some cash as to not risk losing it.  No one knows what the market will do over any period of time, so why risk the cash if you know you will need it for some expense in the near-term?

Third, seek help if you're just not sure.  There is a lot of information and considerations to make when developing a plan and how to properly invest your money to reach your goals.  This includes keeping enough cash for known near-term expenses and an emergency fund for things you don't know will hit until they do.  

I'm here to help you figure it out.  It just takes a phone call or email.  Why wait?