Treece Talk Blog

Excerpted from August 2, 2022 Treece Talk Webinar. Click here to view entire remarks.

Don't let the markets or the news bring you down.

That may be a challenge for many people who are at an age when they are saving for retirement, getting close to retirement, or already in retirement.

Seeing investments lose value and experiencing the anxiety and uncertainty of market fluctuations when there is a limited time period to increase income or savings contributions is very concerning.

Is there a silver lining?

As with everything in life, putting things in perspective is key.

I make comparisons to when the COVID-19 pandemic hit. I felt very protective of our retirees. It's like don't get sick, take the precautions, get the vaccine when it's available, wear your mask, and even plan for an earlier retirement than you may have thought. I didn't want my clients to work so hard all of their lives to get sick and possibly die before they could enjoy their retirement.

I feel the same way about doing a reality-check and putting things in perspective regardless of whatever is going on in the economy, politics, or socially at any given time.

Everything in life ebbs and flows.

Ride the tide by focusing on being your best self and living the best life you can with what you have.

There is an entire industry focused on gratitude, empowerment, and mindfulness that offers all sorts of tactics and support resources. Do some research, find what works for you, and incorporate it into your daily life.

This also applies to the stock market. The stock market obviously does not go straight up.

In some ways, it's a good thing when the market goes down.

You can buy things on sale, especially if you're investing using dollar cost averaging. 

Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security. This reduces the overall impact of price volatility and lowers the average cost per share.

The market doesn't stay down historically, it has always come back. We just have to ride the current wave with intentional planning and preparation.

If you feel like you need a "financial floatie" right now, please reach out to me and we can discuss your specific concerns. I am here for you.