WEBVTT

00:00:12.940 --> 00:00:15.942
Should you change your investment
strategy?

00:00:16.042 --> 00:00:18.810
It's a question
that naturally comes up over time,

00:00:18.810 --> 00:00:22.045
especially as life
unfolds and markets shift.

00:00:22.945 --> 00:00:26.514
While a set it and forget it
approach can work for some.

00:00:26.681 --> 00:00:30.316
The reality
is that your circumstances evolve.

00:00:30.983 --> 00:00:34.118
I believe reassessing
your strategy periodically

00:00:34.118 --> 00:00:36.219
is essential to staying on track.

00:00:36.219 --> 00:00:37.887
Let's start with life events.

00:00:37.887 --> 00:00:43.156
Milestones like graduation, marriage,
the birth of a child or grandchild,

00:00:43.423 --> 00:00:49.126
or challenges such as a health change,
job loss, or the passing of a loved one

00:00:49.160 --> 00:00:52.795
can significantly reshape
your financial priorities.

00:00:53.295 --> 00:00:55.963
These moments may prompt you to ask, are

00:00:55.963 --> 00:00:59.565
my current investments
still aligned with my goals?

00:00:59.965 --> 00:01:05.302
Do I need to focus on new priorities like
reducing debt or reallocating resources?

00:01:06.069 --> 00:01:08.770
Life changes often call for careful

00:01:08.770 --> 00:01:11.972
adjustments, but it's important
to approach these decisions

00:01:12.205 --> 00:01:16.941
with the same thoughtful planning
you use to build your original strategy.

00:01:17.242 --> 00:01:20.810
Market volatility is another reason
you might revisit

00:01:20.810 --> 00:01:23.879
your approach.
When the markets become unpredictable,

00:01:23.879 --> 00:01:27.647
it's easy to feel uncertain,
especially if you're approaching

00:01:27.781 --> 00:01:33.017
a major expense like paying for college,
buying a home, or funding retirement.

00:01:33.617 --> 00:01:38.186
In these situations, shifting to a more
conservative strategy might make sense.

00:01:38.386 --> 00:01:41.388
But remember, your timeline matters.

00:01:41.421 --> 00:01:46.024
If your goal is still years away,
it's often better to stick to your plan

00:01:46.191 --> 00:01:49.826
and ride out the market's ups and downs
rather than react

00:01:49.826 --> 00:01:52.828
emotionally to the daily headlines.

00:01:53.328 --> 00:01:57.230
That said, making adjustments
isn't always a bad idea.

00:01:57.297 --> 00:01:59.831
It just needs to be deliberate.

00:01:59.831 --> 00:02:04.067
Take the time to evaluate
whether changes are truly necessary.

00:02:04.467 --> 00:02:07.469
Are they driven by your goals and time
horizon,

00:02:07.602 --> 00:02:10.337
or by short term emotions?

00:02:10.337 --> 00:02:16.207
In my opinion, the best strategies are flexible but grounded in long term thinking.

00:02:17.241 --> 00:02:20.243
Ultimately, investing requires balance.

00:02:20.543 --> 00:02:25.579
Life changes and market shifts
are inevitable, but with a thoughtful

00:02:25.579 --> 00:02:28.547
approach, you can adapt to challenges

00:02:28.547 --> 00:02:31.549
while staying focused on your future.

00:02:31.916 --> 00:02:35.384
By revisiting your strategy with care,
you can be

00:02:35.384 --> 00:02:38.386
well positioned to navigate
whatever comes next.

00:02:39.520 --> 00:02:41.521
I'm Will Murphy, and it's an honor

00:02:41.521 --> 00:02:44.522
and privilege
to serve a select group of clients,

00:02:44.689 --> 00:02:48.558
helping them to build, manage,
and preserve their wealth.

00:02:48.858 --> 00:02:52.360
Balancing emotions
and feelings with reason

00:02:52.560 --> 00:02:55.762
and logic
to improve financial decision making.

00:02:56.529 --> 00:02:57.329
Thanks for watching.