Greetings! I hope that this finds you well and enjoying life.
I received a couple of calls last week from clients that were concerned about the effect that the war in Ukraine will have on our markets. Obviously there will be repercussions for markets worldwide, as there is anytime we experience global uncertainty.
We live in a world in which we constantly have the potential to experience events like Ukraine that may have a big effect on investor confidence, thereby affecting the rise and fall of the markets. The big issue is not the rise and the fall of markets or current events that’s just their nature. The big issue as relates to managing retirement resources, has do with the appropriateness of your portfolio based on who you are. I like to refer to it as investor identity. In other words do you own appropriate types and amounts of investments that match your personal, specific, objectives and goals? Are you comfortable with the risk that you are taking and are exposed to and do you sleep well at night? Are you structured in such a way to where you can put it to bed, regardless of market fluctuations or current events?
The #1 fundamental to effective investing is that what you are doing matches who you are. There is a lot that goes into the process of determining and establishing your investor identity and its key to success in retirement finances. If you’re not comfortable with who you are as an investor I can help you with that.
If you have questions about this or feel we may be able to help in any way don’t hesitate to call.
Jeff Christian CFP, CRPC
When you get into a tight place and everything goes against you, till it seems as though you
could not hold on a minute longer, never give up the, for that is just the place and time that
the tide will turn.
Harriet Beecher Stowe