There has been a great deal of volatility in the markets of late. Much of this has been blamed on the slowing of the Chinese economy. The Chinese economy is still expected to grow at around 7% which is still quite impressive since a growth rate as high as 4% is rarely seen in the US.
The best way to avoid the emotional turmoil that accompanies these sudden drops is to remind yourself that these are short-term events and you are a long-term investor with a strategic approach and a diversified portfolio. It is hard but history shows that the best approach is to be resolute and avoid selling into a downturn.
It is not easy - but it works.
Correlation and Portfolio Performance
The concept of correlation often plays a role in constructing a well-diversified portfolio that strikes a balance between risk and return. In the financial world, correlation is a statistical measure of how two securities perform relative to each other.
Six Life Insurance Beneficiary Mistakes to Avoid
Naming your life insurance policy's beneficiaries should be a relatively simple task. However, there are a number of situations that can easily lead to unintended and adverse consequences.
Taxes, Retirement, and Timing Social Security
While tax deferral is often a good strategy, sometimes it may make more sense to take taxable distributions from retirement plans in the early years of retirement while deferring the start of Social Security retirement benefits.
I've recently changed my legal name. Do I need to change my name on my Social Security card?
Whenever an individual legally changes his or her name, it is important to contact the Social Security Administration (SSA) as soon as possible.
How can I protect my Social Security number from identity theft?
Your Social Security number is one of your most important personal identifiers. As a result, you'll need to take steps to guard it carefully.
This information is not intended to be tax or legal advice. It is provided for your education only by Pennytree Advisers, LLC. Individual circumstances may vary.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2015.