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.
19:09
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Quick takeaways
- Establishing a written investment plan is essential for rational decision-making during volatile markets, assisting investors in avoiding panic selling.
- Focusing on company fundamentals rather than broader economic conditions helps investors maintain a long-term perspective despite market volatility.
Deep dives
The Importance of Having a Written Plan
Establishing a written investment plan is crucial, particularly during volatile market conditions. This plan serves as a reference point, allowing investors to make rational decisions despite emotional responses to market fluctuations. Revisiting this plan helps to keep investors grounded when market fears might prompt panic selling. Having a clear plan not only reassures clients but also serves as a guide to achieving long-term financial goals.
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