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2013 was a great year for the stock market. The Dow Jones ended 26.5% up from the year before, and the other exchanges did even better (the S&P 500 ended up by 29.6% and the NASDAQ finished 2013 38.32% higher than 2012). This performance tops several years of steady growth. With all these big positive numbers adding zeroes to investment and retirement accounts, it’s easy for investors to give into the temptation to ride the wave up and up. Take care when investing. Remember that emotions can serve as a detriment. It’s easy to feel confident and invest more when the market is performing well, just like it’s easy to give into fear and pull out when the market is doing poorly. Create a solid investment strategy based on your goals and appetite for risk and then stick with it. If you plan to retire in the next five years, now is not the time to push a big chunk of your portfolio into a mutual fund focused on emerging markets. Sure, these types of mutual funds have the potential to sky rocket, but they also have the potential to nose dive. Working with an investment advisor is a great way to develop a long-term investment strategy so you can earn steady gains over the long run and achieve your financial goals. Wealth and Wisdom Online Financial Advisor,Your personal CFO will provide you with the right solution that fits your lifestyle and financial planning. Our step by step process makes it easy for anyone to achieve their financial goals.
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