Every stock market crisis is different, but the best way to deal with them is always the same. We can’t control crises, but we can control our response to them. You want to be prepared to deal with the unexpected before it happens. Not when you’re stuck in the middle of it.
Since 1926, the US stock market has rewarded investors with an average annual return of about 10%. But it’s important to remember that returns in any given year may be sky-high, extremely poor, or somewhere in between.
The most basic forms of financial planning are nearly worthless: because they are based on overly simplistic assumptions of a linear path in life and money that are simply unfounded. Find the countermeasures you can take.
Being invested in an evidence-based portfolio also requires responsibility. The investments that managers at Cogent Strategic Wealth choose to use within clients’ portfolios are purposeful on this front.
You have spent your entire life working hard to set your lifestyle at a certain level and accumulating the wealth that you have. What comes next? How do you protect yourself against an uncertain market? How can you make your wealth last? Do you have a plan that meets your definition of success?
Let’s explore what we can learn from the not-too-distant past known as “the Lost Decade” of the 2000s. It reveals quite a different story than the 2010s had in store for investors.