So the market is very volatile. It can get emotionally very stressful. I think the most important thing that people don't do is they don't actually take stock of their specific situation. Is investing emotional? Of course it is. You know, especially recently when the market is down. When the market is the way it is, it's pretty volatile. So on a short-term basis, stocks are going to rise and fall more often than people think, I think I saw some of that. There's been like 38 1% move or moves up and down, up or down on the Nasdaq specifically to start the year. So what we try to do is just take a step back with our clients so they understand some of the fundamentals of investing, right. You need a purpose for why you're investing. How it applies to you, or you and your spouse is the most important thing. Consistency, I think, is the next thing that you need. You know, once you have all those goals defined and you know you have a plan to get there, stick with it. Not getting caught up in like, oh, you know, you're getting a push notification on your phone about the market being down 800 points and getting, you know, worried about your portfolio.
"Like, I'll tell clients all the time that are retired. Like, can you just please go back to playing golf and just go back and play golf please? Because you're going to drive yourself crazy."
- Joe
The third thing I would say is patients really, you know, it kind of ties everything together. If I have a 60-year-old couple that comes in here and they're worried about the short-term market, I want to reinforce to them that if they're healthy, even though the market may be volatile today, keep in mind that the money that they need needs to last for 30 years. Whenever you're planning for something ten, 15 years down the road, you know, 20 years down the road. It takes patience. You need the patience to have the consistency to be able to stick with your purpose. You know, we haven't had a single client who I've said, Hey, you've got to go back to work because the market's down 15%. Right. So if you're not going to have to go back to work when you're retired or you're not going to have to change your retirement date because the market's down 10%, right. Then is it really at the end of the day, having any effect on you on a day-to-day basis?
Not at all. So the only effect it's having on you is how you feel about it. From there, it's how you react to it.
