Does your investment portfolio align with your goals and allow you to be stress-free?
Emotional headlines have been around as long as news companies have been in business to make money. With up-to-the minute news in the palm of your hand, it’s nearly impossible for you to avoid hearing about the crisis of the day. Fear is a strong emotion, and investing is one area where emotions don’t belong. Warren Buffet once said, “If you can’t control your emotions, you can’t control your money.”
You can reduce the stress and emotions of investing by having a clearly written investment plan that is aligned with your goals and focuses on what you can control:
- How much you save
- Investment diversification
- The cost of investing
Ron and Samantha were on track to meet their retirement goals until 2008, when the stock market crashed and Ron got scared. He sold out, locking in a 30% loss in their investments, and has been too scared since to get back in the markets. Now that they are planning on retiring, their retirement goals have been drastically cut since they have missed out on great market returns.
Back to the original question: Does your investment portfolio align with your goals and allow you to be stress-free?
If you can’t answer this question confidently, then we should talk. Your investment success depends on following a clear financial plan that allows you to avoid the noise and hype of the markets. Through your Financial Life Inspection®, Pacific Capital provides you a plan to optimize your investment portfolio to reach your goals.