Watch the video version of this blog here. There’s a saying on Wall Street, “be fearful when others are greedy and be greedy when others are fearful.” And diving into that motto is one area of deep value I bring to my clients. When my clients’ portfolios are faced with the uncertainty and adversity of heavy selling pressure – something we’ve seen a lot of through 2022 – I stay calm and focused for them…and I take a rational approach to building retirement wealth for their portfolios. And that rational approach is simple: to buy. I’ll show you what I mean.
Below is a chart of the S&P 500 for the last year. I circled two areas in green where we bought. And this is the key to building long-term wealth. Markets going down are temporary, but we don’t know when or how low it will be before these sell-offs stop and ultimately turn around. So we pick points where we say, “alright, we’re going to put some money to work.” Now we don’t know where the bottom will be, but if we make waves of buying and portfolio rebalancing when these new lows hit, we WILL get it right at some point and we will be rewarded for our resolve in the face of adversity – we will be rewarded for being greedy when others are fearful.
Maybe you are too worried to do something like this, or you don’t have the time or knowledge to do it yourself. If so, and you want me to bring this value of wealth building to your retirement portfolio, then connect with me through pen-fin.com. Thanks for watching, have a happy Thanksgiving, and please remember, past performance is not indicative of future results and this video is not a recommendation to take action on any security.
