When dealing with a volatile market, sometimes the most difficult challenge is to manage your emotions. If you decide you need to re-examine your game plan, it should be done with as much care as you put into developing that plan in the first place. Your financial professional may be able to help you decide if any of the following series may be appropriate for you.

Part 2: Have a Game Plan

Setting predetermined guidelines that recognize the potential for turbulent times can help prevent emotion from dictating your decisions. For example, you might take a core-and-satellite approach, combining the use of buy-and-hold principles for the bulk of your portfolio with tactical investing based on a shorter-term market outlook. If you’re an active investor, a trading discipline can help you stick to a long-term strategy. For example, you might determine in advance that you will take profits when a security or index rises by a certain percentage, and buy when it ha fallen by a set percentage. You also can use diversification to try to offset the risks of certain holdings with those of others. Diversification may not guarantee a profit or protect against the possibility of loss, but it can help you understand and balance your risk in the future.

Watch for part 3 of this series in the next Quarterly Interest!

One of our ongoing goals is to help people with the important financial decisions of life, and that’s why Diversified Wealth Management sponsors educational seminars on a wide range of financial topics for our clients and in the community.

Shirley A. Evans CLU, ChFC, CFEd

Shirley Evans is a chartered speaker with the American Financial Education Alliance (AFEA), a non-profit educational speaker’s bureau dedicated to improving financial literacy. These educational seminars are provided to organizations at no cost. These seminars are not sales events and no company or product will be endorsed.

Call Shirley or Andie at 612.798.7144 for a schedule of upcoming seminars, including the following topics:

• Getting “Fiscally Fit”
• Investing Concerns in a “Fragile” Market
• Estate Planning Essentials
• Asset Allocation Fundamentals
• Investment Basics for Women

Securities offered through Securities America, Inc. Member FINRA/SIPC and advisory services offered through Securities America Advisors, Inc. Shirley A. Evans, Representative. Diversified Wealth Management, SOFA, RBCU, and Securities America are not affiliated. Not FDIC/NCUA insured. No bank guarantee. May lose value.