Patterson-Schwartz Real Estate4 Ways to Feel More Financially Secure
With today's headlines and market fluctuations, it's hard not to feel uncertain—even a little panicky—about our short and long-term financial security. But according to financial experts, there are several proactive steps you can take to alleviate any uncertainty you may be feeling. The professionals at financial security firm Finesca, offer the following suggestions to help you stay on track and protect your future financial goals.
Work with a financial security professional.
Every financial journey is different, and navigating it successfully requires informed decision-making—especially in turbulent markets. A holistic financial security professional can evaluate your unique situation and develop a personalized strategy to meet your goals.
Stay informed—but calm.
While staying updated on economic changes is important, reacting to every market shift can be detrimental. A financial professional can provide insights on what news is relevant to your portfolio and help you make informed, measured decisions instead of fear-based reactions.
Diversify.
Diversification remains one of the most effective strategies for managing risk. Recent research from EY proves that a holistic financial plan—one that incorporates permanent life insurance, investments and annuities—can lead to significantly better outcomes. This well-rounded approach not only helps cushion the impact of market downturns but also positions you for long-term growth and stability.
Commit to a long-term plan.
Market fluctuations can trigger emotional decision-making, leading to impulsive buying or selling. Work with your financial professional to develop and commit to a long-term investment strategy that accounts for market ups and downs while keeping your financial objectives in focus.
Finesca emphasizes that securing your financial future starts with a clear plan, consistent discipline and the right support. This will help you ride the wave as market fluctuations come and go.
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