Broker Check

Uncertain times in Carrollton, Texas

May 06, 2020
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As the market continues to be volatile, it can be hard to know what to do here in Carrollton, TX.  So here are a couple of tips you can use today:

TURN IT OFF 

Everyone has an opinion, but in the world of modern media, “everyone” is often wrong, or at best, contradictory. Cable network business news, investment websites, newspaper financial pages, and even social media: the cacophony of opinions and lack of consensus can be overwhelming.

Luckily, you have a financial professional who can perform in-depth analysis and market monitoring on your behalf. It’s our job to keep you informed of any relevant changes and shifts in the market, so you can tune out all the noise.

RESIST THE TEMPTATION 

Volatility can play rough with your emotions. The temptation to jump ship during a downturn is strong, but timing the market’s trendline is nearly impossible. It rarely maintains a steady upward trajectory, but is rather more like a dance: 2 steps forward, 1 step back, over and over again. What may appear to be a peak before a precipice may simply be a brief correction on the way to new highs. When things are bumpy, resist the temptation to react in an emotional way, and remember that turbulence is part of the ride.

So as Carrollton, Texas starts to open up, remember we have been through tough markets before.  Just stay calm and stay safe Carrollton!