If You're Still Scared Of Stocks, Think About This
Due to several recent dips in the stock market, many individuals remain cautious and have steered clear of stocks. That’s a mistake.
In the aftermath of every bear market, many individuals swear off stocks. They resolve to never again be burned by the stock market. This is a natural reaction but not necessarily the smartest one.
People who steer clear of stocks could indeed be right, since no one knows when, or even if, stocks will rise to previous highs again. But people who stay out of stocks could miss a lot of upside if they rebound in the coming years. Again, no one knows. And that’s the point.
Because no one knows what will happen, you do not want to make big bets either way. You want to be in a position to participate if the stock market gains, but not in a position to lose too much. This is where your personal financial plan comes into play.
Your plan gets into the details of how much you can risk in stocks. Your financial plan plots a long-term course of moderation. It examines where you are now and where you want to go, and then strategically approaches how you can get there.
If you are still scared of stocks, it’s time to peek out from under the rubble, see how the landscape has changed, and analyze your situation systematically with the help of a professional. We’re here to help you.
The articles written in this newsletter were written by a journalist hired by Advisor Products, Inc. and provided to you by The Clark Group Asset Management. Their accuracy and completeness are not guaranteed. The Clark Group Asset Management is not a legal or tax advisor.
The Clark Group Asset Management is a registered investment advisory firm located in the heart of Southern California. As professional fiduciaries, we offer unbiased financial advice that is free from the conflicts inherent at many Wall Street firms.
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The Clark Group’s mission is to build long-lasting relationships with our clients and help them organize, grow and protect their hard-earned assets through life’s transitions. Along the way, our goal is to provide peace of mind for our clients through trust, thoroughness and transparency. Our experience has taught us that our value comes from helping clients make sound financial decisions while minimizing the emotion that often comes with investing. We are here to guide you through both good and bad economic times.
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