I’m dressed in my pink savvy women wealth management golf shirt today because it signifies that sometimes you just need to relax. It seems that every time the stock market goes down, as it did by a little more than one percent yesterday, the critics come out of the woodwork to say the sky is falling and we are headed for a crash.
Now I don’t know where the stock market is going to go in the short term. Nobody does.
But successful investing is not just about your financial plan and what stocks or funds you pick. It’s also about how you react to what is going on around you.
If you are someone who gets a little nervous when the stock market gets a bit rocky, well that’s the time you should probably think about going to play some golf, and of course you should always be wearing your Pink Savvy Women golf shirt for good luck. If you don’t play golf, then go for a nice run or long walk or something else that will relax you.
The stock market will always have its ups and downs, but YOU should always keep your cool.
Steve Wolff for the Savvy Minute.
If you have questions about the market or would like to discuss financial planning or investing you can reach us at 760-692-5700.