Imagine this…
There’s a burglary in your neighborhood (not your house fortunately), but you have a 2-week trip planned and no one will be home.
What do you do to protect your home while you’re away?
Do you take precautionary measures?
Talk to neighbors and ask them to keep an eye on your house?
Maybe activate an alarm system or install cameras?
Make sure your homeowner’s insurance is up-to-date and your most valuable possessions locked away?
If you’re like most people, you’d spend at least a few minutes proactively planning so your home doesn’t get broken into or burglarized, right?
Just for a moment, I want you to think about why you’d take these steps.
Ultimately, whatever happens while you’re gone is completely out of your control, right?
I’m guessing you’d argue back, “Yes, it is out of my control, but I CAN control a few things, and I’m willing to do everything I can to protect my home!”
Your mindset is 100% logical.
For sacred possessions and relationships in our life, we do everything we can to control the uncontrollable.
So let me ask you this…
Are you taking the same approach that may help protect your investments from recession-driven volatility?
Volatility is here — like the burglar lurking through the night in your neighborhood plotting his next break-in.
You don’t know when the burglar will strike, or which home he’ll hit.
Chances are he’s going to go after the most vulnerable house with minimal lighting and no alarm system.
Just like recessions and downturns could metaphorically “rob” certain investment portfolios of value because they are more vulnerable than others (that’s why it’s so important to proactively prepare by assessing your current situation).
Unlike a home whose valuables are insured and mostly replaceable (except those heirlooms and sentimental pieces), your investment portfolio isn’t insured against market loss.
That’s why it’s so important to take these crucial and proactive steps that may help protect your investments.
Ideally, you’d take these steps before a recession strikes, but it’s not too late to prepare yourself and your investment portfolio.
In light of the recession, I prepared this 4-minute read and flowchart that I think you’ll find incredibly valuable.
My team’s most recent publication, Investments Facing Recession Volatility: A Simple Flowchart to Determine What (if Anything) You Should Do, will guide you through an extremely simple 3-step process to discover:
- How to assess your current investment situation whether you’re 10 years away, 5 years away, or already in retirement
- The 3 or 4 critical questions you need to ask yourself that will determine what you should do next (if anything)
- Your level of confidence with your current investment strategy and what you can do about it
You’ll leave with a crystal-clear picture of what you should do next (if anything) that may help preserve and protect your investment health — just like how you’d protect your house while you’re away.
My goal in sharing this free article with you is to help you feel confident that you’ve done everything you can to control the uncontrollable.
You have retirement income you’ll be depending on in the next 10 years, 5 years, or maybe even right now.
Please take the time to examine this flowchart — it will empower your work-free life!
Download Now (free): Investments Facing Recession Volatility: A Simple Flowchart to Determine What (if Anything) You Should Do