I’m pleased to introduce Tom Gartner, Certified Financial Planner with ISC Financial Advisors. Whether you are a business owner, executive, salesperson, author, or just want to make the most of your money, Tom shares ideas for growing your portfolio during turbulent markets.
You likely notice the turmoil in the stock market and wonder what you should do. These days, information that used to take weeks to disseminate and digest, now takes seconds. I suggest you take a step back, take a breath, and regain reality. First, don’t rely too much on TV news outlets or CNBC. At the end of the day, they are selling commercials. Making current events more dramatic is a good way to get you to tune in. But acting on this news is often detrimental to your finances.
Second, check your asset allocation and risk tolerance. Do you know where your investments are and what risks are associated with them? If you have this information, it can help you stay invested during downturns in the market. Third, control your costs of investing. There are thousands of options. So knowing cost structures can make you more efficient and wealthier by year-end.
Finally, keep investing regularly and keep learning. Get good information and don’t lose opportunities to take advantage of both “on sale” stocks as well as ones that are higher-end.
To tap into Tom’s expertise further, go to www.iscfinancialadvisors.com. E-mail Guest Blog requests to roshini@roshinigroup.com.