Click above to watch John O'Rourke, Vice President of Private Banking & Wealth Advisor, discuss the advantages of a volatile market and the steps you should be taking today to reach your long-term investment goals.
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[On screen text- Investment Insights: Market Volatility & Dollar Cost Averaging]
[Video continues with John O’Rourke sitting behind a desk facing the camera]
[On screen text: John O’Rourke – Vice President, Private Banking & Wealth Advisor – First American Bank]
John: Today, I’m getting into a market force that’s largely misunderstood: volatility. For many, the swings in the stock market can be stressful enough to keep them up at night. What many don’t realize is that the volatility they’re worrying about, can actually be a wonderful opportunity.
When the stock market seems to be all over the place – it’s natural to feel uneasy about investing even more. However, consistently doing so, regardless of the swings, can mean the difference between reaching your long-term investment goals…or not. And buying in a down market may help your portfolio grow when the market heats up again. Not to mention those great bargains, that are now sitting in your investment account.
Investing a specific amount regularly is called “Dollar-Cost Averaging”. This discipline enables you to take advantage of buying opportunities in a down market. And while there’s no guarantee of a profit or protection against a loss, Dollar Cost Averaging has proven to be quite effective over the long run.
The key here is to keep your emotions in check and not compromise your long-term plans. A Professional Investment Advisor can help you weather the storm and keep you on track.
If you’d like to learn more, just click on the article below.
That’s all for now and I hope this helps you make wiser choices when it comes to your investments. Feel free to drop any comments or questions below, I’d love to hear from you.
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