The Return of Volatility and the Importance of Having a Plan
Volatility is back. After a significant upswing during January, stocks have given back this year’s gains, plus a little. Each decline since February 5 has come with less selling pressure; generally a bullish sign. But the upside follow through has been absent.From an election year standpoint, mid-term years have been the weakest of the four-year presidential cycle for the stock market, on average. And they have tended to endure elongated corrections in Q2 and Q3 before a Q4 rally. While valuations are a challenge, we remain mildly bullish regarding stocks.
The key is to have a plan and to stay with it. Look at it as if there are two islands: what you have and what you want. The bridge between the two is your personal financial plan. Getting to where you want to be requires vision, planning and discipline - the vision to know what you want, a plan to get there and the discipline to stick with your plan.
We can help you get financially organized. We take a look at your income and expenses and help you create a plan that is attainable. We can also help you invest your money and plan for short-term and long-term goals, such as education expenses and retirement.
If you haven’t watched yet, I would encourage you to take a few minutes and watch our 2018 Financial Forecast, held at the Country Club of Jackson last month.
To our clients, thank you for your confidence in Pinnacle Trust. If you have not visited with us regarding your plan, contact us today. We’ll be happy to schedule a time to visit.
Stacey Wall serves as Chief Executive Officer at Pinnacle Trust. You can reach him by calling the office at 601-957-0323 or by emailing him at firstname.lastname@example.org.