The stock market has been volatile. It may continue in that pattern, or not. If we knew the future with certainty it wouldn't involve risk.
So what do you need to do, or what should you do with your advisor?
Where are you? How are you doing? Are your investments up of down? With weekly swings of hundred points on the Dow Jones Industrial Average how your investments are doing today could be very different than how they were doing last week.
Your Goals- How do your investments compare to your goals? If you are an aggressive investor and your portfolio is swinging up and down, that may be expected. If you are a moderate or conservative investor you may or may not see your investments moving a great deal.
The Economy- Now consider the overall economy in Europe, Asia, the U.S. and around the world. Every economy has downward pressures and risks, such as political situations and credit risk, as well as areas of growth such as consumer spending and company profits. In every economy there are reasons to hope and to fear. Depending on how you see it will your investment strategy be determined.
Your View- So how do you see things going forward? Do you see individual businesses pushing ahead in difficult times or will the economy come to a screeching halt with Will Smith walking down a dusty road and our food being eating from dumpsters? Your risk tolerance, goals and other financial questions are the essential elements in figuring out how to position your 401k.
Your investments probably provide you with options that offer you a variety of investments for you. Take a look and answer these questions to make your decisions.
Marion R. Syversen, MBA - President
NorumbegaFinancial
207.862.2952
Marion@NorumbegaFinancial.com
Check out our website that includes weekly streaming videos
WWW.NorumbegaFinancial.com
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