The S&P 500 ended lower following a volatile session Monday, Feb. 28, when sanctions hit Russia. This large S&P dip occurred after many record highs over the past seven years. It’s hard for any investor not to feel overwhelmed and worried during these turbulent times.
Our founder, Pam Krueger, met with Kendrick Mattox, CFA, one of the expert financial advisors in the Wealthramp network, to discuss what investors should do to manage market volatility.
Watch Kendrick and Pam discuss key mistakes to avoid during a market correction to learn:
- What you should — and should not — do when the stock market takes a nosedive
- What fiduciary advisors are doing for their clients now
- What advisors should have done to prepare their clients for market volatility
By reassessing instead of just reacting, the right fiduciary financial advisor can help you and your portfolio weather this type of market volatility. Tax loss harvesting, rebalancing your portfolio, and evaluating your cash position should all be considered.
Take control of your financial future by working with the right advisor. Get started and see your best advisor matches now.