Schwab Network Stay Diversified & Don't Time Markets, 'Not Sure What's Going to Happen'
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May 22, 2025 In this discussion, Joe Schmitz, CEO of Peak Retirement Planning, emphasizes the importance of staying diversified in today's volatile market. He urges investors to keep their portfolios active, highlighting that rallies can occur swiftly after dips. Joe warns against putting too much money into cryptocurrencies and suggests strategies like Roth conversions to manage risk. He also explores how fluctuating interest rates affect investment choices, particularly for long-term versus short-term investors, reinforcing the need for adaptability.
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Market Volatility Offers Tax Opportunities
- Market volatility creates opportunities like Roth conversions to pay lower taxes and grow assets tax-free.
- Investors should stay diversified and expect market ups and downs without trying to predict the future.
Diversify and Avoid Emotional Timing
- Keep portfolios diversified across small, large, growth, value, and international stocks.
- Avoid emotional market timing to prevent missing significant upside moves.
Match Investments to Time Horizon
- For long-term investing, growth and tech stocks remain valid options.
- Short-term investors might consider high-interest savings vehicles now, but watch for potential rate cuts.