Do you find yourself glued to daily market movements? Before making any decisions, be sure you understand how this data relates—or not—to your individual portfolio. If you have a well-diversified portfolio that includes multiple asset classes, be sure to compare its performance to relevant benchmarks, not daily news cycles.
In January, 69% of workers expressed confidence in their ability to live comfortably during retirement, compared with 67% in 2019. In late March, the percentage dropped slightly to 63%. A closer look reveals vastly different perceptions about future retirement success among those who either had experienced or expected a negative change in their employment status.
When the market was in the midst of an 11-year bull run, you may have increased your investments in equities. By contrast, if you were recently burned by market performance, you may be hesitant about increasing your investments. Investment decisions should be based on your individual goals, time horizon, and risk tolerance.
This could be an opportune time to consider transferring wealth to future generations—by transferring assets (at lower values) and taking advantage of historically low interest rates. As the world continues to face these unprecedented times, we at Fairman Group Family Office want you to know that we are available to help you with all your financial planning needs.
Investment advisory services are offered through The Fairman Group, LLC. The Fairman Group, LLC is registered with the Securities and Exchange Commission under Section 203(c) of the Investment Advisers Act of 1940.
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