The stock market can be easily compared to riding a rollercoaster.
It rises, it falls — all with a wild rush. When the market experiences those dips though, anxiety has a tendency to settle in. In early 2022, the markets dropped sharply, then quickly rebounded. It’s a wild ride of emotions for people watching their portfolios with frequency.
In this video, Nik Aamlid, CAP®, Wealth Advisor, describes the recent chaotic market place and strategies for remaining calm despite it.
Did you know: Since 1926, the S&P 500 Index has averaged 10.49%*? This is true, despite experiencing singular years of massive gains and other years of massive losses.
We hope this resource provides you with some insights and context for remaining calm during volatility.
Remember, this is normal. Stay true to your plan.
Timestamps:
0:00 – Introduction
0:48 – Analogy of a Rollercoaster
2:33 – Recency Bias
3:18 – S&P 500 History
5:04 – Problems with Timing the Market
7:32 – Trusting Your Plan
8:35 – Remaining Consistent
9:12 – Recap
* Source: https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp
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Pinnacle Wealth is a Sioux Falls, SD based full service wealth management firm focusing on comprehensive financial planning and the utilization of all financial tools at our disposal to work in concert toward pursuing your goals.
But we feel the more important question to ask is “Why do we offer these financial tools?” rather than “What financial tools do we offer?”
We seek to reduce your financial distractions by taking care of the painstaking details, freeing you to relax, live confidently, and enjoy life. Every financial process or strategy we consider or implement should answer your questions, raise your financial awareness or reduce the number of surprises you experience. To succeed we must carefully listen and understand your financial goals, concerns and even fears and provide potential solutions.
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DISCLOSURES:
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful. Investors cannot invest directly in indexes. The performance of any index is not indicative of the performance of any investment and does not take into account the effects of inflation and the fees and expenses associated with investing.
S&P 500 — A capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.