The recent volatility in the stock market had some people’s blood pressure rising though stalwart investors knew it was just part of the market’s natural cycle. So how can those of us who aren’t seasoned investors survive the latest wave in the market? Here are some tips from our financial consultants:

• Find a trusted advisor. This is someone who you is knowledgeable about investments and the market and who can advise you realistically, not emotionally.
• Keep in mind your original investment goals and timeframe. If those goals have not changed, then there’s no reason to change your investment strategy.
• Remember that investment services is probably one of the few industries that people don’t get excited and buy when there’s a sale! Keep in mind that pullbacks in the market create buying opportunities.
• Consider investing on a systematic basis. If you are investing on a regular basis, let’s say a $100 a month, you’ll be experiencing dollar-cost averaging. This is when you slowly buy smaller amounts instead of investing assets in a lump sum. Doing this reduces risk and insulates your investment against changes in market price by spreading out the costs.

For more information about investing, feel free to call one of our financial consultants.