COVID-19, Russia, inflation. It seems like I hear these words 500 times a day. There always seems to be a new crisis which can potentially negatively affect our portfolios. When the coverage of these events is relentless, it becomes easy to start to lose faith and give up on our investment plans. When the market is up a significant amount one day and down just as much the next, we often want to get off the rollercoaster or at least start to become indifferent to investing. The difference between a good vs. a great retirement nest egg often lies in your reaction to time periods where investing just isn’t “fun.” It can be hard to stay the course when nothing seems positive and we go from one problem to the next, but these are the times when those that stick it out can be rewarded for their perseverance. Here are some tips for staying the course when you’re losing steam with investing.
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Reich Asset Management, LLC is not affiliated with Kestra IS or Kestra AS. The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. To view form CRS visit https://bit.ly/KF-Disclosures.
