Cortburg Speaks Retirement - episode #166: Dos and Don'ts for Investing During the Holidays / Investment in Stock Market, Financial Planning, Retirement Planning, Money Management
Tags:
#Cortburg #retirement #retirementplanning #retirementtips #retirementincome #retirementincomeplanning #retirementgoals #retirementinvesting #retirementadvice #retirementgoals #stockmarket #moneymanagement #wealthmanagement #financetips #financialadvice #holidays #holidayeffect #holidayseason #volatility #financialfreedom #financialeducation #insurance #fortune #USNewsMoney #CortburgSpeaksRetirement #MiguelXGonzalez #ApplePodcasts #Spotify #AmazonMusic #Stitcher #iHeartRadio #Pandora #TuneIn #PodcastAddict #Podchaser #PocketCasts #Deezer #ListenNotes #PlayerFM #Castbox #Podfriend
About Cortburg Retirement Advisors, Inc.
Cortburg Retirement Advisors is a full-service, boutique financial planning firm - helping guide clients through the turbulent and calm economies. Their goal is to help grow, protect, and preserve their assets from their first job through retirement. Cortburg’s “all in one house” capabilities mean that their experienced team can help with all financial needs - wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning.
Welcome to Cortburg Speaks Retirement Podcast
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®
CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST
FOLLOW US ON:
INTRODUCTION
Welcome to Cortburg Speaks Retirement
An audio podcast about investing in the stock market, financial planning, money management and retirement planning. Each Wednesday, we help investors at all stages of life learn how to potentially grow and preserve their money from first job through retirement.
Now here is your host, Miguel Gonzalez.
HOST
Good morning and welcome to the CORTBURG SPEAKS RETIREMENT audio podcast.
On this week’s audio podcast, I share the Dos and Don'ts for Investing During the Holidays.
In the world of investing, the "holiday effect," as it is often referred to, is a phenomenon where stock prices see an increase right before a major holiday. There are many theories on why this may occur. It could be from trading volume being down due to investors taking a vacation or maybe because investors are becoming more averse to risk during the holiday season and off-loading their riskier investments.
No matter the cause of this uptick, it is essential to be prepared for it and follow simple dos and don'ts when investing during a holiday.1
Do Focus on Long-Term Wealth Building
Investing and risk come hand in hand, so while it is essential to only risk within your comfort level, you need to weather some short-term fluctuations that come with the holiday to stay on the path toward more considerable future gains. Riding out the "holiday effect" and sticking to your long-term wealth-building plan is the ideal course of action to keep you on track to work toward your future financial goals.1
Don't Attempt to Time the Market
Since the holiday season is often considered a more volatile time in the stock market and a time when your mind is focused on other issues, you don't want to attempt to anticipate how your stocks may perform during this time. Trying to do so may result in heavier losses as the seasonal effects are likely temporary. Avoid the impulse to suddenly change your portfolio unless it was already planned as part of your long-term investing goals.1
Don't Base Your Risk on Daily Volatility
Your portfolio should be set up to weather certain periods of volatility. That being said, risk tolerance may change over time, and you may find your portfolio riskier than you are currently comfortable with. While there are easy ways to lower the risk of your portfolio, it is essential to consider how you define your risk. If you measure risk based on daily volatility, you may play it too safe to work toward your long-term financial goals. The holiday swing may produce greater volatility than you are used to, which may cause you to make moves that may hurt your financial future when the better course of action may have been to stay put where you are.2
Do Plan a Reassessment After the Holidays
After the "holiday effect" has subsided and the effects of trading volume or risk aversion have lessened, it is a good idea to reassess your portfolio and make sure that it still involves the amount of risk you are comfortable with, the mix you want to have, and the potential return to help you with your long-term financial goals. It is the perfect New Year's resolution and will help you stay on track with your goals.2
Make sure to visit our website, www.CortburgRetirement.com. Our site is filled with educational videos, eBooks, publications, and financial calculators designed to help you learn more about your finances. As you search our site, send us a note regarding any questions you may have about any particular investment concepts or products. We will get back to you quickly with a thoughtful answer.
This is Miguel Gonzalez, Certified Retirement Counselor (CRC) and Managing Partner, with Cortburg Retirement Advisors signing off for this week’s educational podcast.
DISCLOSURES
Opinions expressed are subject to change without notice and are not intended as investment advice or a solicitation for the purchase or sale of any security. Please consult your financial professional before making any investment decision.
All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.
CRC conferred by The International Foundation for Retirement Education.
Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through Private Advisor Group, LLC, a registered investment advisor.
Private Advisor Group, LLC and Cortburg Retirement Advisors, Inc. are separate entities from LPL Financial.
Investing involves risk including possible loss of principal.
- The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
- Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.
- All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.
- This article was prepared by WriterAccess.
- Footnotes:
-
-