Staying Calm Amidst Market Volatility
Volatility in the stock market persists, with few signs of letting up. For clients, we understand how unsettling the ups-and-downs can be, and we empathize with the difficulties in keeping a steady hand when the economy and markets feel as though they’re in disarray. Even the most experienced investors can get rattled.
But we also believe now is a time to remain patient. In volatile times, I like to remind myself that short-term volatility is the price all investors pay for attractive long-term returns.
As legendary investor Benjamin Graham once said, “price fluctuations have only one significant meaning for the true investor. They provide an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.”