How to Navigate the Current Stock Market
The herd mentality is alive and well in the current stock market.
Let's face it; it's been a darn good run for stocks since the last financial crisis hit the world.
When Jerome Powell, current chair of the Federal Reserve, softened his comments about raising interest rates in 2019, the Dow jumped by 1,100 points. Those are daily moves of from 3% to over 5%.
What should we do in the current market? Change? Stay the same? Get out? Buy more? Wait?
Make volatility your friend
Many people panicked and sold all their stock investments. Many who had their retirement planned during that time chose to delay it. What about those who stayed the course? What about those who invested more?
Those who stayed the course, rebalanced, or invested more cash during those crazy times have enjoyed one of the longest bull-markets in history.
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