Don’t Do This To Yourself!
by Financial Design Studio, Inc. / May 9, 2019It’s On…No, It’s Off…Maybe…It’s Back On, It’s Off Again…this was the story of the week! This week’s investment story was China. How the deal that has been talked about for many months was on and off again over the course of days. Don’t drive yourself crazy!
Did this week bring panic or fear after a good break since the New Year started? If you find yourself getting caught up in the day-to-day market swings, it might be a good idea to change the channel. Even as each day started commonly with a large drop, by afternoon much of that lass had been eliminated. Days like this week provide us with a reminder to get our goals for investing in check so we can still sleep.
Here’s a look at this week’s ups and downs in one chart:
It’s no wonder you feel like you have whiplash. And here’s the daily headlines to mirror with the ride above.
Monday: New tariffs would make the US one of the most protectionist countries in the world
Tuesday: Jeremy Siegel: Stocks could drop 10% to 20% if China and US ‘dig in’ on trade war
Wednesday: Cramer: Trump’s trade tweet is about ‘getting the Dow up a little bit’ and pressuring China
Thursday: Trump says deal with China is still possible, but tariffs are an ‘excellent’ alternative
Friday: Trump, in tweet storm, says ‘no need to rush’ with China trade deal
Your portfolio can be adjusted to fit your risk tolerance! Don’t feel like you can’t make changes that will reflect your tolerance for market risks. You don’t have to do this to yourself. Evaluate your time horizon, choose an appropriate diversified portfolio and adjust as changes are needed.
Wondering how this affects your investments? Schedule a call with Michelle and Steve to discuss your portfolio today.
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Financial Design Studio, Inc.
We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.