Market Volatility is like Airplane Turbulence
Who likes turbulence on an airplane?
No one—it’s frightening because it feels like the airplane could fall out of the sky at any moment.
But whether we understand the science of lift or not, we know that’s not likely to happen.
The turbulence is a period of discomfort that will pass.
And the worst thing we could do is to panic and jump out of the plane, or burst into the cockpit to try and steer the plane ourselves
The same is true for volatility in the market. Those sharp swings up and down in the value of your savings during periods of uncertainty can and will make you feel uncomfortable.
For some reason when we experience turbulence in our portfolios, we feel we need to do something—like buying or selling
What we need to acknowledge is that feeling uncomfortable is okay, acting on that discomfort without careful consideration is not.
A good financial advisor will check in with you to assess your individual situation and very likely may advise you to stay strapped into your seat until this bout of market turbulence passes.
If your advisor hasn’t reached out to check in with you over the past year, I’d love to schedule a meeting
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This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any funds or stocks in particular, nor should it be construed as a recommendation to purchase or sell a security. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested.
Cal is a registered representative and investment advisor representative of Securian Financial Services, Inc. Securities and investment advisory services offered through Securian Financial Services, Inc. Member FINRA/SIPC. North Star Resource Group is independently owned and operated. Fortune Financial is affiliated with North Star Resource Group and is independently owned and operated. 10261 Yellow Circle Drive, Minnetonka, MN 55343. 5357235/DOFU 12-2022