• Dow drops –1100 points today: what should investors do?

    From: GoldSilver.com Sep-15-2024 11:16:am
     
     

    With stocks heading for their biggest loss since 2020 today, we're sharing this note from our friend Adam Taggart at Wealthion about making financial decisions in turbulent markets. We hope it's helpful...

     

    Boy, has it been ugly in the markets lately. 

     

    This remains one of the worst starts to the year for investors ever, as nearly every asset class is delivering negative returns Year To Date:

    S&P 500: -17.35%

    NASDAQ: -26.8%

    Bitcoin: -37%

    US Gov't Bonds: -10% 

    Even gold is barely hanging on...

     

    The deep and relentless selling of the past several trading days has a lot of regular investors just like you understandably on edge.

     

    And that's when we most often make our very worst investing decisions; when our emotions are in the driver's seat.

     

    Especially fear. It often short-circuits our ability to think logically. And pressures us to make hasty decisions out of panic.

     

    And I can see the panic starting to rise now. Which is why I'm sending out this message to you today.

     

    I'm receiving lots of questions, both public and private, from people concerned about the losses their portfolios are taking and wondering what they should do:

     

    Should I stop the bleeding and sell?

     

    Or should I hold on (or even buy more) in expectation of a rally from these oversold levels?

     

    Is it too late to hedge my portfolio?

     

    My response to all these questions is the same: seek the guidance of a professional financial advisor, one who understands the reasons why the market has been correcting so violently.

     

    The answers you're seeking depend entirely on your own unique financial situation, goals, timeline & risk tolerance.

     

    Whatever advice you receive, to be any good, needs to take all of these personal factors into consideration.

     

    The good news is that the sky isn't falling (yet) and there's plenty you can still do now to protect & prudently position your wealth from here, even if you've suffered some stinging losses already.

     

    So, if you already have a good financial advisor -- excellent! Ask them to sit down with you asap to explain how your portfolio is currently positioned, why it's positioned that way, and if the recent weakening market internals merit any sort of changes to its allocation.

     

    But if you don't have a relationship already in place with such an advisor, then seriously consider scheduling a free consultation & portfolio review very soon with one of the independent advisors recommended by Wealthion.

     

    These are the same experts you've seen on Wealthion week after week all year. So you already know they understand the risks and macro drivers underlying the current market volatility. 

     

    That's why they've long prioritized risk-management in their portfolio construction.

     

    Which may very well be even more needed going forward as the markets become forced to price in a slew of unfolding new threats such as:

    persisting high inflation 

    a slowing/shrinking economy
    shortages of essential commodities

    • fast-rising cost of capital

    a possible coming correction in the housing market

    heightened geopolitical risk

    The frank reality is that no one knows for certain what's going to happen from here in the markets. As individual investors, we have no control over what stocks, bonds, etc do next.

     

    But we can control how well-positioned we are for the various potential outcomes. How well we can reduce our vulnerability. And how well we can be ready to take advantage of opportunities when they present themselves.

     

    That's the real benefit a good advisor offers. 

     

    So, as mentioned, reach out to yours today to be sure you're making the most out of that resource.

     

    Or if you don't have one, or would like a second opinion from a well-informed professional, schedule a free, no-commitment, no-strings-attached consultation with one of our recommended advisors.

     

    There's really no downside. And given today's higher stakes, some potential tremendous benefits.

     

    Ok, that's all for now, folks. Stay safe & stay strong.

     

    cheers,
    Adam Taggart

    Founder, Wealthion

     
     

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