Barron's Advisor 10 Time-Tested Investment Principles for Volatile Markets
Apr 29, 2025
Michael Schaffer, Sr., the President of Schaffer Private Wealth Group of Wells Fargo, shares insights on maintaining investment stability during unpredictable markets. He emphasizes the necessity of a solid investment plan, particularly through methodical goal-setting. The discussion delves into emotional resilience in investing, advocating for disciplined, data-driven strategies. Schaffer also highlights the importance of focusing on business fundamentals over market noise and cultivating a steady investment temperament to thrive in volatility.
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Importance of Having a Plan
- Establish a written investment policy and financial plan early on.
- Use the plan to make rational decisions during volatile market periods.
Set Clear Goals
- Set clear financial and life goals to stay motivated and focused.
- Focus on goals to avoid distractions from market noise.
Focus on Process
- Focus on processes and actionable steps to achieve financial goals.
- Concentrate on present execution rather than just outcomes.