If you’ve been thinking that stock markets have been pretty quiet in 2017, you are right--it's been more like the merry-go-round and less like a rollercoaster. Through the first seven months of the year, none of three major stock market indexes has fallen by more than 5 percent. And one gauge of market movement, the CBOE Volatility Index (VIX), which measures investors’ expectation of the ups and downs of the S&P 500 Index over the next month, recently dropped to its lowest level in 24 years. Low VIX readings have tended to be equated with muted anxiety and high stock prices. Amid this environment, you might be wondering what could go wrong? There are always risks that persist and while their existence does not mean that long-term investors should change their game plans, they are a reminder to guard against complacency and to always approach investing with caution.
#237 Surviving Market Volatility with Michael Goodman
Have the recent market swings freaked you out? Listen to the wisdom of CPA and CFP Michael Goodman and you will likely feel a lot better. Michael is the President of Wealthstream Advisors and began his career in financial services as a CPA, before opening the doors to his own financial planning and investment management firm.
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When those white-knuckle market gyrations occur, Michael says go back to the basics and remind yourself why you are investing and what your long terms goals are. He also makes the case that some people do not need advisors and can go it on their own.
Allison's husband is in the market for disability insurance, but when we were able to dive into the details of their lives, it became clear that there were many more issues than DI!
Brian needed advice about how to maximize his retirement plan contributions and Paul asked about consolidating retirement accounts.
Thanks to everyone who participated this week, especially Mark, the Best Producer in the World. Here's how to contact us:
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