Should you change your investment strategy?
It's a question that naturally comes up over time,
especially as life unfolds and markets shift.
While a set it and forget it approach can work for some.
The reality is that your circumstances evolve.
I believe reassessing your strategy periodically
is essential to staying on track.
Let's start with life events.
Milestones like graduation, marriage, the birth of a child or grandchild,
or challenges such as a health change, job loss, or the passing of a loved one
can significantly reshape your financial priorities.
These moments may prompt you to ask, are
my current investments still aligned with my goals?
Do I need to focus on new priorities like reducing debt or reallocating resources?
Life changes often call for careful
adjustments, but it's important to approach these decisions
with the same thoughtful planning you use to build your original strategy.
Market volatility is another reason you might revisit
your approach. When the markets become unpredictable,
it's easy to feel uncertain, especially if you're approaching
a major expense like paying for college, buying a home, or funding retirement.
In these situations, shifting to a more conservative strategy might make sense.
But remember, your timeline matters.
If your goal is still years away, it's often better to stick to your plan
and ride out the market's ups and downs rather than react
emotionally to the daily headlines.
That said, making adjustments isn't always a bad idea.
It just needs to be deliberate.
Take the time to evaluate whether changes are truly necessary.
Are they driven by your goals and time horizon,
or by short term emotions?
In my opinion, the best strategies are flexible but grounded in long term thinking.
Ultimately, investing requires balance.
Life changes and market shifts are inevitable, but with a thoughtful
approach, you can adapt to challenges
while staying focused on your future.
By revisiting your strategy with care, you can be
well positioned to navigate whatever comes next.
I'm Will Murphy, and it's an honor
and privilege to serve a select group of clients,
helping them to build, manage, and preserve their wealth.
Balancing emotions and feelings with reason
and logic to improve financial decision making.
Thanks for watching.