As you get closer to retirement and markets become volatile, it can hinder your years of diligent retirement planning and create extra anxiety. Make sure you know the right ways on how you can protect your retirement money from market volatility. Below are some of the strategies that you can follow.
Retain the Right Portfolio Mix
Diversification is Key
Never Run Out of Cash
Discipline Yourself About Withdrawals
Keep Your Emotions Out of the Way
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Dollar-Cost Averaging (DCA) is a technique that means investing a fixed amount of money in the same stock at regular intervals over a long period of time. This is strategically a great way to invest in the long-term. As you buy more shares at a low cost, you lower your average cost per share over time. This technique is attractive to investors who are just starting to learn and invest. It’s a good way to gradually build wealth despite starting with a small investment.
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“Never try to catch a falling knife!”
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What is ‘Capitulation’ in stocks?
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Bear market is when a broad range of stock market indices fall more than 20% from a previous high. If it appears that a bear market could be around the corner, get your portfolio in order – by identifying the relative risks of each holding. A balanced portfolio is your best defense (also known as a hedge) against a bear market.
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Authored by Harsha Moole, M.D., MBBS
Hey there! I hope you enjoyed reading this blog. PhysicianEstate is my brain child and passion project. I run this platform to empower entrepreneurially motivated physicians to make financially educated investment decisions and discuss asset protection strategies. Lots of important but free content here and here! If you have any questions or if you are interested in partnering with me, let’s connect! hmoole@physicianestate.com
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