However, never forget that volatility is driven by emotional buying and selling, and investors (not traders), like myself, don’t let our emotions determine our long-term investment strategy for retirement. Part of the reason our clients hire us is to keep their emotions in check, so that they don’t get off of the roller coaster before it comes to a complete stop. The complete stop is when you’re ready to stop investing in the wealth generating tool that is capitalism. Are you at that point today?
the right way to invest blog
The stock market has been extremely volatile as of late. Consider August 24, 2015, when the Dow opened down nearly 1,000 points and as of this writing has rebounded nearly 700 points. Volatility is like a roller coaster and today is probably about as wild of a roller coaster for one to be on.
However, never forget that volatility is driven by emotional buying and selling, and investors (not traders), like myself, don’t let our emotions determine our long-term investment strategy for retirement. Part of the reason our clients hire us is to keep their emotions in check, so that they don’t get off of the roller coaster before it comes to a complete stop. The complete stop is when you’re ready to stop investing in the wealth generating tool that is capitalism. Are you at that point today?
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Check out this video "The Retirement Gamble" by Martin Smith at Frontline.
This is a very thought provoking and well done documentary by Martin Smith. It touches upon many areas that are at the foundation of taking control of your own retirement and understanding how to invest for your safe and secure financial future while not being misled by big, bloated Wall Street Firms whose seemingly only interest is to gouge you with fees (like the ones seen in the documentary with company representatives stumbling over their words poorly trying to defend what they do). |
connectauthorMichael Pensinger, CFP® is Owner and President of Pensinger Financial, Inc.
He grew up in Park Forest, Illinois and now resides in Lemont, Illinois with his wife, two children, and two dogs. Michael is actively involved in his community; coaching kids' sports, having served as Treasurer for the Lemont Area Chamber of Commerce Board of Directors, sitting on the Board of Directors for Hope & Friendship Foundation, and volunteering for the Lemont Heritage Woodland Sanctuary Open Space Committee. Read More Archives
October 2020
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Lemont, Illinois 60439 630-754-7580 Phone 630-590-9392 Fax |