Click on the image above to watch this Savvy Minute video.
How To Survive Stock Market Volatility
The stock market movement is nothing new.
One of the best ways to beat market volatility is through diversification. The more you understand your overall asset allocation and purpose of your investments, the more confident you should feel when the stock market moves.
I would suggest you consider a financial plan to help you determine your short- and long-term goals. And remember, stay calm, do not panic and stay the course when the entire stock market is down. It is important to make sure you have an emergency fund set aside so that you do not need to worry about a personal financial dilemma such as a loss of job, illness and or major expenses. A good rule of thumb is to have 3 – 6 months of cash set aside to cover your monthly expenses.
Catherine Magaña is a CFP® or CERTIFIED FINANCIAL PLANNER TM and Managing Partner at Savvy Women Wealth Management in Carlsbad California.
We run a Savvy Women Wealth Practice in Carlsbad, California offering financial planning and investment advice. Most of our clients are fun, engaging women who are driven to succeed both personally and professionally. They have spent most of their lives focusing on others and realize they must take more responsibility in their financial future. They don’t want to simply be told what to do they want to learn, become more engaged and accountable for their financial future.
If you would like to set up a free 30 minute financial assessment she can be reached at 760-692-5700, firstname.lastname@example.org for private message or click on the following link to contact us directly https://savvyup.com/contact .
Sign up for our newsletter by clicking on the following link http://eepurl.com/cr6vEb to receive financial tips about investing, managing your money, planning for retirement and invites to upcoming events. Get Savvy about your Finances & Live your Life Empowered!