US stocks have been at or near a correction (defined as a 10% drop) for the last month or so. In the case of some foreign markets, the selloff has reached into bear market territory (20%+ drop). In virtually every market, gains earned early in the year have diminished or even turned to losses.
Headlines have been rife with commentators discussing “death crosses”, bursting bubbles, and falling knives. People that “called the last selloff” are featured with their latest predictions.
Stop me if you’ve seen this movie before.
If, however, you are on feeling as if you must do SOMETHING as a result of the recent volatility, please check out a couple of my articles written during another downturn back in 2015. Other than one slight edit I had to make due to a change in recent tax laws, the messages and ideas are as relevant today as they were then.
As always, get in touch if you’d like to discuss your plan and/or portfolio.