You’ll never be able to predict the movement of the market but understanding the cycles will make you a better investor. The market goes through different phases and building out a purposeful portfolio will help you stick to your plan through the ups and downs.
In this episode, Laura Stover, RFC® and Michael Wallin, CFP® will breakdown a recent article about stock market cycles and how to approach your investments depending on what stage you’re in. When you step into retirement, you shouldn’t still be an active day trader or trying to time the market. By understanding the market and having the type of strategy, you’ll be able to navigate those cycles better.
Join us to get a better understanding of how we build a balanced portfolio that minimizes risk and employs strategic management, and learn more about how that approach evolves in retirement.
Redefining Wealth® Custom Blueprint Income Plan: https://redefiningwealth.info/schedule/
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Timestamps (show notes):
2:38 – Is the market up or down right now?
5:16 – Having the right time horizon for your investments
9:09 – The key to making money is minimizing losses and allowing profits to run
12:49 – The accumulation phase of the market
18:16 – Deciding which sectors to be invested in
25:58 – Purpose based allocation inside your portfolio
30:30 – Income planning becomes so important in retirement
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