
Market Downturns
Knee-jerk reactions during market downturns will only cause you to lock in losses and miss out on an opportunity to earn your money back. We know it’s tempting to sell stocks when financial news is bleak but, depending on your retirement goals, selling stocks at a loss may not be in your best interest. However, buying quality stocks during a market downturn may be of benefit.
At Alloy Wealth, we always tell our clients, it’s not if there’s a market downturn, it’s a matter of when. We prepare our clients for times like this so they can weather market volatility and not base their lifestyle on what their stocks are doing. Our founder and CEO Mark Henry became a Fiduciary Financial Advisor after seeing his father lose everything in the Black Monday Stock Market Crash. His goal was to help others plan for retirement, build wealth, and avoid devastating losses.
Mark spoke about the importance of using bucket strategies when investing to weather market volatility and recommended financial plans to anyone whose lifestyle is impacted every time their stock values drop. Alloy Wealth offers complimentary written financial plans and the guidance and comprehensive strategy you need to achieve your financial goals.
The stock market should not dictate your lifestyle. Neither buying nor selling stocks in a market downturn is something you should do without first seeking professional advice. Please contact Alloy Wealth at 800-689-3935 to speak with one of our fiduciaries. We will meet with you to discuss your current portfolio and find out what you really want to do with your money. Then we will help you navigate complicated future planning decisions and teach you how to take market downturns in stride.