Financial market turmoil
Our phones have been ringing off the hook with media requests for comments on the market turmoil. Our website traffic has increased about 40% between August and September. Many people are searching for information about how to handle the current financial crisis on a personal level. Here are some of our suggestions:1. It is time for all of us to get in touch with our own personal measure of what we need to be content.
2. We all need ensure that we have the basics covered:
– a good workable personal monthly spending plan,
– a debt free personal balance sheet or a plan to pay down debt at an accelerated rate,
– an emergency fund.
3. If our investments were chosen on sound investment principles, we need not over react. The sound investment principles included not only rate of return, risk tolerance, tax implications, but also purpose and time line (the shorter the time line, then the less risk we can take)
Call us if you need to discuss your personal financial situation.
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