MarketWatch quoted Todd Minear of Open Road Wealth Management about the Dow tumbling below 30,000, in the article - Too scared to check your 401(k) as Dow tumbles below 30,000? Too worried to peek at your brokerage account? Here's when you should look - and when you should go for a walk instead. - which originally appeared on June 16, 2022.
When the Dow tumbled, many investors were scared to check their portfolios like their 401(k) and other investment vehicles. At Open Road, we understand the emotional reaction to market volatility, whether it's a global event that sends the market tumbling or a move by the Federal Reserve. There are always unknowns and subsequent fears in the marketplace, They come and go, and as an investor, you have to prepare for this.
When you choose a financial advisor, you should talk about your risk tolerance during volatile times like when the Dow tumbles.
Minear provided information on when to look at your brokerage account and explained the strategy of tax loss harvesting. Read the full article.
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