20 Second Advisor: Are we about to crash?
Are we in a stock and real estate bubble? Maybe. There is a case to be made that we are, and the rough start to the year has people on edge.
Does anyone know when or if the bubble will burst? No
Does anyone know how long a potential downturn could last? No
Does anyone know precisely which investments will be hit the hardest? No
So what do we do about it?
- Make a plan! Long term planning is the best way to weather “short term” events.
- Evaluate your investment strategy. Make sure you would be comfortable with your investment strategy if we go through a rough period.
- Increase your cash balance. If you need cash from your portfolio to live or, if additional cash would help reduce the risk to your family, it may be wise to consider this option.
Let us know if we can help!
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