When the markets have large swings – up and down – investors often make mistakes that can jeopardize their entire retirement plan. Financial professionals Joe Anderson and Alan Clopine provide a long-term view of how the markets respond in good and bad times. They also give you the tools you need to take the emotion out of investing during the COVID-19 pandemic or anytime the markets are volatile to make the most of your investment portfolio.
Important Points:
(00:43) – COVID-19 Impact
(01:06) – Volatile Markets – Subsequent 5-Year Return
(02:04) – Investing in Volatile Markets
- Controlling Your Emotions
- Managing Risk
- Don’t Forget Tax Opportunities
- Investment Moves to Make Today
(02:50) – Controlling Your Emotions – Downside of Fear and Greed
(07:40) – Rebalancing Your Portfolio
(09:54) – Investment Moves to Make Now – COVID-19 Impact
(17:04) – Saving a Million Dollars
(18:14) – Investment Moves to Make Now for the Long-Term (in the COVID-19 Economy)
(18:54) – Tax Loss Harvesting
(20:41) – Ask the Experts
(23:58) – Pure Takeaway: Investing in Volatile Markets
- Importance of Controlling Your Emotions
- Rebalancing to Control Portfolio Risk
- Tax Loss Harvesting Decreases Taxes
- Market Moves to Make Now
