Financial CommentaryTrying to anticipate market corrections can be an expensive mistake.In the past few months I’ve spoken with many clients, especially those nearing or in retirement, about investment risk. Amidst all the political and economic uncertainty, US stocks and international stocks have continued to rise. Many have asked, “Should I make a move now in anticipation of a future downturn?” Unfortunately, no one, including me, has any idea where the market will go in the near-term. What I do know, is that history has shown that more money is lost anticipating market corrections than in them. In short, trying to time the market is a losers game. Now may very well be a fine time to sell, or buy, stock. Ultimately the decision of how much stock to hold in your investments comes down to your need, capacity and tolerance for risk. If these have changed, then it’s smart to revisit your investments.
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