It’s a new year, which means a lot of us are looking at our current financial situation, our investment portfolio, and how we can strengthen our long-term prospects.
Matt Andreas, a financial advisor with Investment Partners, joins the show to give us some tips to help us make the most out of the year ahead. He will be tackling the importance of asset allocation, why planning is critical, and how you can overcome market volatility.
Stick to the Plan
In today’s volatile environment, you see a lot of people reacting based on their emotions – but if you let your emotions dictate your investment strategy, it will most likely lead you the exact wrong way. You need to create a plan that minimizes risk (and it never hurts to make that plan with a financial advisor at hand), then stick to it.
If you want some guidance with your investment strategy, you will be interested in these other topics discussed in this episode:
The importance of asset allocation and diversification
Appropriate asset allocation will vary based on a number of factors, including your age, risk tolerance, and financial goals
How to factor the volatility of the market into your plan
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