By PomPam @ Adobe Stock
You know from here, here, and here that whether it’s tariffs or no tariffs, markets aren’t exactly cheap. Even so, markets, like people, can be unreasonable and couldn’t care less how they’re valued. Markets are an emotional beast. They can overreact in either direction. It’s why Your Survival Guy’s goal is to be able to stay within myself and block out the noise.
History shows there will be events that rattle investors and markets. What’s unfortunate is how so many investors are surprised by that statement. It’s shocking to me how many have their retirement savings in the same stuff, like a herd of sheep.
When, for example, you look at target-date funds, you see a tangled mess of overlap and overweight in the biggest companies. These are stuffed into 401(k)’s especially because it’s an easy way for the big firms to cover their you-know-what and “comply” with fiduciary requirements. But is it being a good fiduciary when everyone’s in it?
Good results over the last decade make it hard to question whether a strategy is right or wrong. An upward-moving market dulls the senses and quiets the critics. But when markets fall, you can hear the screams from miles away. And then the selling begins.
When monthly statements are down, phone calls are made. If you’re with me, you know it’s better to be prepared well beforehand, so you don’t have to bother picking up the phone.
Action Line: Make sure you know what you own. If you need help untangling your money, let me know. Email me at ejsmith@yoursurvivalguy.com, and click here to subscribe to my free monthly Survive & Thrive letter.
Originally posted on Your Survival Guy.
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