During times of uncertainty, it can be hard to take a long-term view of your finances. You’ve likely heard the guidance to keep investments in the market for the long run, despite poor short-term performance that may tempt you to sell to cash. But knowing we should leave our retirement savings alone during the market’s down days and actually doing it can be difficult—especially when you may feel helpless and want to do something.
Letting your investments ride out the storm does not mean you should sit on your hands. There are smart actions you can consider taking now that are likely to improve your financial situation for years to come:
Making some of the adjustments above, or simply looking into them, will help you feel like you are doing something at a time when it’s difficult to do nothing. If you feel that a professional opinion would be helpful, talk to your financial advisor or seek out a fee-only CERTIFIED FINANCIAL PLANNER™ for guidance.
Read Melissa's article in West Knoxville Lifestyle's July issue here.
The opinions expressed are those of PYA’s Investment Team. The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass. Forward-looking statements cannot be guaranteed.
PYA Waltman Capital, LLC (“PYA”) is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about PYA’s investment advisory services can be found in its Form ADV Part 2, which is available upon request. PYA-20-34