Show 85 - How to invest given recent changes with Jeff Venables
In this episode, I talk with Jeff Venables about sticking to your investment plan even in a volatile market.
5/14/20251 min read
It is no secret that the market has entered a stage of volatility. Investors are unsure what the future holds and that always leads to fluctuations. But, does that mean you should change your investment strategy? According to Jeff Venables, a teacher and financial planner, the answer is a resounding, NO! Check out the episode to learn more.
Show Notes
venablesfinancialsolutions.com
Recommended Books (Amazon Affiliate Links)
The Richest Man in Babylon
Key Ideas
To avoid getting off course keep in mind the signal (plan) and block out the noise (volatility).
You must evaluate your risk tolerance vs risk need to reach your investing goals.
You can’t predict the future, even when there is bad news, stick to the plan!
Don’t try to time the market, even for rebalancing, make it a dependable annual event regardless of market conditions.
It takes practice not to react, so take a deep breath and start today.
It doesn’t matter how much money you make, you can spend more, so spend less!
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
Risk is long term, volatility is short term. Long term, a single stock is risky (Sears anyone?) and it can also be volatile short term. BUT, long term the total market is low risk even if it is volatile in the short term. Don’t confuse risk and volatility!