Akron Life September 2022

FINANCIAL PLANNING

In the bigger picture of the many years that investments are in the market, these are brief periods of turbulence, and waiting it out can help you reap the sometimes sub stantial gains as the market recovers. He offers an example from an Edward Jones study that if you put $10,000 in the S&P 500 at the start of the 1980s, that money was worth $980,000 as of late 2021. But if you weren’t invested during the 10 best days of stock mar ket growth during that time, your investment was only worth $437,000. To fare well through a bear market and come out stronger on the other side, it’s impor tant to manage emotions. “Working with families for over 20 years now, I have found that it’s not so much, How good are your investments ? it’s, How great is your behavior? ”

LONG VIEW Tensions may be high, but Rieke cautions to not make rash moves. Instead, be patient and get informed. On average, a bear market tends to last about 13 months, fall about 34 percent and recover in under two years, according to Edward Jones. And if the bear market isn’t associated with a prolonged economic downturn, it tends to last nine months, fall about 28 percent and recover within 10 months, according to Edward Jones. Bear markets can also bounce back abruptly. The most recent one in March 2020 at the start of the pan demic only lasted 11 days. And there are benefits to being invested in a bear market.

Rieke says. “Great investment behavior is what will save the day for nearly everyone going through a bear market.” A financial adviser can help you exercise great investor behavior, and Rieke offers a few suggestions. The simplest one is to lower the number of times you look at your investment

statements, say to every other time, to reduce the possibility of responding emotionally and making a bad investment decision. Another way is meeting with your adviser and reassessing your level of comfort with risks in your investment portfolio and your financial goals, including retirement.

“Some of the very best single day gains come in the middle of a bear market,” Rieke says.

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