It’s easy to get caught up in the day-to-day ups and downs of the stock market. When you turn on financial news, the headlines make it seem like you should keep market conditions open at all times just in case things go south and you need to adjust your investment strategy in response. But reacting to short-term volatility often does more harm than good for long-term investments. Here at Legacy, we want to help you stay on track to achieve your long-term financial future and turn down the noise of short-term market volatility.
A Personalized Financial Plan to Give You Confidence
The foundation of our work is the personalized financial plan we develop with you. We take a look at your current financial situation, retirement goals, living expenses, expected retirement income needs, and existing investments. With this comprehensive understanding, we can map out a strategy tailored specifically for you and your family to stay on target for the long-term aims. The plan typically considers your time horizon, risk tolerance, target returns, income requirements, and more.
With the roadmap in place, it becomes easier to take day-to-day market fluctuations in stride. The financial plan gives you confidence that your investments align with your goals and circumstances. We can objectively examine periodic returns and make adjustments without getting caught up in fear over short-term ups and downs. These check-ins focus on whether you’re on track to meet your objectives over time, not month-to-month market swings. Pivots look different when you’re five years from retirement than when you’re twenty years from retirement, but that’s why we customize the plan to your current situation and future goals.
Combat Fear-Based Moves with Diversification and Initiative
Making sweeping investment changes in reaction to breaking financial news often leads investors to buy and sell at the wrong times. Jumping in and out of the market can mean missing periods of recovery and growth. We want to help you avoid making fear-based moves that could hold you back from meeting your financial goals.
Instead, we seek to take wise, proactive steps to build a diverse portfolio that can weather inevitable market volatility. This allows some investments to continue growing even when others hit a rough patch. Regular rebalancing also helps smooth out the impact of market swings over the long run.
With your customized financial plan as your guide and a focus on consistent, long-term returns, we can have rational conversations about investment performance. We can ignore short-term noise and stick to the plan. This patient, strategic approach is the key to investment success over decades–not months or a few years. Reach out if you need help turning down the noise and finding comfort and confidence in your financial future.