New-Year Market Volatility and What to do About It
What’s going on in the markets so far in 2022, and what should you be doing about it?
What’s causing the January market downturn?
Escalation of Russian aggression in Ukraine
The Fed plans on raising rates to curb increased inflation
No more government stimulus
Worse-than-expected corporate earnings last week with new earnings reports coming out this week
Build Back Better plan is losing support in its current form so will likely be cut back
What should you do about it?
Stay the course!
Invest cash (if you have some on the sidelines)
Tax-loss harvest your portfolio
Do you have questions about the market? Reach out to me at Ben@coveplanning.com or schedule a free consultation call.
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Ben Smith is a fee-only financial advisor and CERTIFIED FINANCIAL PLANNER™ (CFP®) Professional with offices in Milwaukee, WI, Evanston, IL and Minneapolis, MN, serving clients virtually across the country. Cove Financial Planning provides comprehensive financial planning and investment management services to individuals and families, regardless of location, with a focus on Socially Responsible Investing (SRI).
Ben acts as a fiduciary for his clients. He does not sell financial products or take commissions. Simply put, he sits on your side of the table and always works in your best interest. Learn more how we can help you Do Well While Doing Good!
Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. I encourage you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Ben Smith, and all rights are reserved. Read the full Disclaimer.