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With all that is happening in the financial markets, you may be asking yourself, how should I respond?
As a client and friend of Sherpa Financial Advisors, we want to help you with this question. We suggest you begin by turning off the television. Avoid the constant stream of negativity coming at you from television and the internet. Subjecting yourself for the umpteenth time each day to “the sky is falling” messages will do nothing but depress you. Set yourself free. Go read a book. Exercise. Play a game. Do something fun with your spouse.
If you’re already doing the above, just toss this letter and keep doing what you’re doing. Or pass this letter along to someone who needs perspective.
Do not react in fear and panic. It is the natural thing to do, and it is the worst thing you can do. This is not the beginning of the end. You will be OK. Call us before you take any action to change your investment portfolio. We’ve spent the last 27 years helping our clients avoid making major mistakes. We’ve thought about this long and hard. If we were to sit down and have a heart to heart talk, here’s what we would say: