381 Stop Worrying About Stock Market Volatility. It’s Not Worth It
In 2008 a couple had called my office asking for an appointment we were in the midst of the financial crisis and they were worried about their financial future. They wanted an appointment as soon as possible and so we moved things around so that we could get them in the next day. When the time came for the appointment they were a no show. The next day the wife called to apologize. She said her husband was under so much stress that they had to take him to the emergency room at the hospital. He recovered physically from that stressful time and of course its easy to look back at the financial crisis in the rearview mirror and see that it turned out OK. One of the most important things I have learned over the years working in the investment and planning field is that market volatility is a given. It doesn’t matter what the market is doing today, tomorrow, or even next week, what matters is where the market is at the end of your time horizon. So if you are worried about market volatility, my advice to you is to stop worrying about it and focus on things that you can control like living below your means, saving regularly, and investing in a diversified mix of assets. The market will take care of itself.
I like this quote by Epictetus. “Wealth consists not in having great possessions, but in having few wants.”
I have a passion to help educate and inspire retiree’s to take action to achieve clarity, confidence and freedom in their retirement. I am the author of Sound Retirement Planning, the host of Sound Retirement Radio and the President of Parker Financial LLC.
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Parker Financial LLC does business as the following: Sound Retirement Planning, Sound Retirement Radio, Insurance Services by Parker Financial, LLC, & Parker Financial. Home office located at 9230 Bay Shore Drive NW #201, Silverdale, WA 98383. Jason Parker, RICP® is a Registered Investment Adviser Representative and has a Washington State insurance license. Parker Financial LLC is a registered investment adviser with the SEC. The adviser may not transact business in states where it is not appropriately noticed-filed, excluded or exempted from registration. Most states allow for a de minimis exemption of up to 5 clients in any state. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without notice filing with the SEC or exemption. Retirement Budget Calculator LLC and Parker Financial LLC are affiliated entities and under common control.