Going the Distance
It seems like a pretty straightforward question, right? My initial thought is to look down at my clothes and say “this?” Am I the only one that would have that reaction? I am going to assume I am not alone in that response, so how about we take a step back and really think about it. It may be very prudent to ask: What city am I in? What time of year is it? What is the forecast?
You don’t want to be dressed for a walk through Miami in summer when you are in Buffalo, NY in the midst of winter with a blizzard on the horizon. No one wants to be that person who is dressed in a parka walking through south Florida, or in shorts and a t-shirt in a blizzard. Where you are, what time of year it is, and what the forecast is going to be call for drastically different outfits. Striking the balance between what is appropriate for the conditions outside and what you are comfortable and confident in is a delicate balance.
What’s this have to do with investing?
The same analogy can be drawn when it comes to investing. Just as you would take all of these factors into consideration when selecting your outfit, they play a critical role when it comes to investing as well.
The stock market will experience bad winter storms in Buffalo and beautiful summers in Miami. Your portfolio will need to able to endure a variety of different market environments as it grows.
Regardless of what is happening in the market, having your portfolio properly outfitted for the current market is critical to achieving your financial goals. There is no one size fits all portfolio structure for every type of market environment.
No matter what investing stage you are in, your portfolio should be prepared to weather whatever is on the horizon. At GGM Wealth Advisors, an SEC Registered Investment Advisor (RIA) firm, our goal is to have your portfolio appropriately outfitted for varying market forecasts standing between you and your investing goals. Contact GGM Wealth Advisors to make sure you are on the right path.