Op-Ed: Advisors need to help clients get back to basics during this volatility.
When markets are volatile, it seems like a lot is out of our control. Many clients will want to make significant changes to their portfolios or get out of the market altogether. These decisions are largely fear-based. This is when advisors can provide tremendous value by not only reminding clients how the market changes and why investing is crucial, but also reiterating why their portfolios were constructed in the ways that they were.
Advisors who educate their clients about the implications of getting out of the market completely or making significant changes to portfolios – and how those changes could impact their goals and dreams—are more likely to save their clients from making costly mistakes. While we all are sheltering in place, quarantining and practicing social distancing, it's hard to stay positive. Being isolated is likely exacerbating a situation that is already difficult.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Op-Ed: Last chance to reconsider LACMA's bad plan for a new museum?From the moment the Los Angeles County Museum of Art unveiled the latest version of its new design, critics have piled on.
Baca lebih lajut »
Op-ed: Why financial literacy matters in an economic crisisA new survey finds nearly 9 in 10 Americans say the COVID-19 crisis is causing stress on their personal finances, highlighting the importance of financial literacy.
Baca lebih lajut »
Op-Ed: Getting through the quarantine one puzzle piece at a timeThe days run together during the coronavirus quarantine, but a jigsaw puzzle and a brief family moment help define them.
Baca lebih lajut »
Radiohead's Ed O'Brien Talks 'Earth,' His New Solo Project As EOBWorking on his debut solo album, Ed O'Brien was inspired by things like late-night raves and Brazil's Carnival. He spoke to WorldCafe about those moments of community, of understanding, of us all being in it together.
Baca lebih lajut »
'Westworld' Star Ed Harris on His Twist-Filled Season 3 Storyline: 'It Was Hard to Enjoy'Ed Harris speaks candidly with THR about his frustrations over his character's arc in Westworld season three, and how he allowed his own personal feelings to fuel his work as the character
Baca lebih lajut »