Corrections are normal, but FEAR usually takes over when the major averages, along with your portfolio, start to drop.
If you’re approaching retirement or already retired there’s a lot more to be concerned about so avoiding major market downturns is more important than achieving gains.
Please review the chart below as an important reminder how far we have already gained.
Now below is an excellent chart with many great points to keep in mind about the history of Bear Markets.
Is your portfolio prepared for an average 39% decline that happens about every 5 years?
How much of a decline can you handle?
“A Chain Reaction” is the most important point to remember so please read that again.
If you’re concerned about your portfolio, IRA, Roth, 401(k), 403(b), or other brokerage account please schedule a complimentary review here.
Until Next Time…
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