Do We Need to Worry about This Volatile Stock Market?- Episode 98
The first half of 2022 has not been good to stocks. After hitting record highs at the end of 2021, it’s easy to forget that stocks also go down in value from time to time. And often, when they go down, they do so quickly and painfully.
One question that’s always on people’s minds when these cycles turn south: Is this something to be concerned about? The answer to that question may depend almost entirely on what your portfolio withdrawal strategy looks like. If you don’t need that money for at least 10 years, it may be no big deal. If you need it next week, it is indeed a very big deal.
You need to know how to set up your withdrawal strategy so that the down cycles don’t interfere with your sleep cycles. Find out more from podcast host Johnny Dean and “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!
Important Information:
The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances.
Different types of investments and/or investment strategies involve varying levels of risk, and there can be no assurance that any specific investment or investment strategy will be profitable for a client's or prospective client's portfolio, thus, investments may result in a loss of principal.
Accordingly, no client or prospective client should assume that the information presented serves as the receipt of, or a substitute for, personalized advice from LCG or from any other investment professional.
You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.
Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.