Investment advice for ODs during down markets

April 12, 2020
Missing the best 10 days over 20 years is a look at timing market downside. But what about upside? I know more than one investor who exited the market in 2018, sure that we were at the peak.
Those investors missed out on a 28.88% return in 2019, which would have still been a positive return today, even with the recent market decline.

So what does all this mean? There are no crystal balls. Have we seen the bottom of this market downturn? No one knows. Will we see a "u" shaped or "v" shaped recovery? Hard to say. There is still a lot of uncertainty out there, but also a lot of good news to expect.

Even if you get lucky every now and again, it's hard to perfectly time the market. Take a long term approach with your investment portfolio by investing prudently in an appropriate allocation. You can take advantage of gains or make opportunistic buys through a systematic, scheduled portfolio rebalancing.

The views expressed here are as of the date of publication and are subject to change. This information should not be construed as investment advice. It is presented for information purposes only and is not intended to be either a specific offer (or recommendation) Hayes Wealth Advisors to sell or provide, or a specific invitation for any investor. Information herein may have been obtained from sources believed to be reliable, Hayes Wealth Advisors is unable to warrant its accuracy.
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