Are we recovering from the pandemic or are we re-entering it. This may be tied to who you are and where you live.
In your city or state, it may be a fading issue, but in your children, brothers or sisters it may be not. If you are vaccinated and healthy you may have a better chance of going through any incidents with little disruption. If you are unvaccinated or immune comprised your fate could be worse.
The financial markets in a way may affect you based on lots of your personal characteristics as well. If you are young and working you may want to take more risk. If you are older and getting closer to retirement you may not. If you are retired, having a pension could affect how you invest.
I would be remiss if I did not state the obvious. In an up market the buy and hold mentality of investing is often a great strategy. You can diversify and if you stay the course, you should be OK.
But “ Life Happens” sometimes and you may have to shift and change. Maybe its an illness in the family. Maybe it kids or grandparents that need some unexpected financial assistance from you.
Heck, maybe you see a vacation home you feel you must have.
The reason I say this, is when investing you need a financial advisor that has a “steady hand.”
For many years the largest Financial Firms had major training programs in which they taught prospective Financial Advisors how to obtain clients and how to invest for them. Many would look for their hires from the pool of old executives or military personnel. The thought behind this was that you need life experience to relate with people. I think that’s a better talent pool to choose from, but also with flaws.
With all that said I would follow this advice when searching for the right person to handle your investments.
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