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Experts advise patience in volatile markets

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Volatile Markets

The recent market volatility has caused many retirement savers to be worried about their investments.

However, financial advisors say it’s essential to keep a long-term perspective and not make any rash decisions based on short-term market movements. James Grace, director of wealth management at Silver Pine Capital, says putting the current volatility into context is crucial.

Downturns and corrections are standard parts of the market cycle,” Grace explains. While they can be unsettling, it’s important to remember that these periods are typically short-lived.”

David Demming, chief investment officer at Demming Financial Services, agrees. “It’s time to preach patience,” he says.

Trying to time the market is a losing strategy. Stick to your long-term plan and don’t let emotions drive your investment decisions.”

For now, most advisors are operating as usual. Brandon Gibson, a wealth manager at Gibson Wealth Management, says his firm has made no significant changes to client portfolios in response to recent volatility.

“We’re focused on maintaining a well-diversified portfolio that can weather these market movements,” he says. Patrick Huey, owner and principal advisor at Victory Independent Planning, reminds clients that downturns and corrections are navigable.

Patience amid market turmoil

“History has shown that the market always recovers,” he says. “It’s important to stay the course and not make any knee-jerk reactions.”

Glenn Downing, founder and principal of CameronDowning, says zooming out and looking at the bigger picture can provide peace of mind. When you look at the market’s long-term performance, these short-term fluctuations become less significant,” he explains.

Alvin Carlos, managing partner at District Capital Management, points out that bonds are up while stocks may be down. “A well-diversified portfolio that includes both stocks and bonds can help smooth out the ride during volatile times,” he says. Andrew Herzog, associate wealth manager at The Watchman Group, reminds clients that tough times often precede boom years.

Some of the best market returns have come after periods of volatility and uncertainty,” he says. Juan Hernandez-Ariano, principal at WealthCreate, sees the current market environment as just another step on the journey. “Building wealth is a long-term process,” he says.

“These short-term fluctuations are just part of the ride.”

Overall, financial advisors’ message is clear: stay the course, maintain a long-term perspective, and don’t let short-term market movements derail your retirement plans. By staying invested and sticking to a well-diversified portfolio, retirement savers can weather the current storm and come out ahead in the long run.

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Noah Nguyen

Noah Nguyen is a multi-talented developer who brings a unique perspective to his craft. Initially a creative writing professor, he turned to Dev work for the ability to work remotely. He now lives in Seattle, spending time hiking and drinking craft beer with his fiancee.
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