A big problem with wanting to be out of the market when it’s down and in the market when it’s up is that the market doesn’t move in a straight line, but rather it jumps around to different values at any given moment. Today, Paul and Ira talk about how investors experience the most gains in the market a few days a year and why the investors who crave control and can’t handle the markets’ bumpy ride sell low and buy high. Listen along to learn why volatile markets are tempting to leave but ultimately work in the investor’s favor. Later in the episode, Ira encourages people close to retirement to talk with an advisor about what their expenses will look like because he sees that most investors have an unclear picture of what they will be spending in retirement.
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