Stock Market Turmoil Shouldn’t Scare Prepared Kansas City Investors
Lee's Summit, Mo. (PRWEB) August 25, 2015 -- With the Dow Jones plunging 1,100 points on Monday, the most dramatic point drop ever, then roaring back 350 points at the opening today, Stephen Stricklin, president and founder of Wise Wealth, LLC, suggests that Kansas City investors not panic during market volatility. Instead, Stricklin recommends focusing on asset allocation and diversification during the U.S. stock market’s worst week since 2011.
“I know it’s concerning watching the market drop, however, Kansas City investors need to take a long-term view and avoid knee-jerk, short-term reactions to sudden market movements,” said Stricklin.
Stricklin specializes in educating and providing retirement income planning solutions to meet clients’ diverse needs including wealth planning, management and transfer planning, as well as financial coaching, workplace financial education and financial ministries.
“A drop in the market of this amount is not uncommon after such a long bull run like we have had, but the timing and speed of this current decline does come as somewhat of a surprise. It seems to be tied mostly to fears over China’s economy,” said Stricklin. “There have been 35 declines of 10 percent or more in the S&P 500® since 1900. Of those 35 ‘corrections,’ the index fully recovered its value after an average of approximately 10 months. There is no guarantee that the length of future recoveries will happen in the same time frame, but it’s important to keep in mind the purpose of the investments."
Stricklin advocates that time should determine your investment allocation, not short-term happenings in the stock market, such as the volatility this week.
“The funds that should be at risk in the stock market are investments that you shouldn’t need for five years or longer,” said Stricklin. “Therefore the best course of action is to stay disciplined and diversified. Plus, if you are contributing to a 401(k) plan at work or directly into an IRA or Roth IRA, continue to do so because there is no better time to buy than when the market declines.”
A Certified Financial Planner (CFP®) and Registered Investment Advisor (RIA), Stricklin has been named one of five finalists for Retirement Advisor magazine’s prestigious “Advisor of the Year” award for 2015, announced in the August 2015 edition. The Advisor of the Year award honors the top five financial advisors in the country who exemplify outstanding personal production, a commitment to the community or other nonprofit endeavors, a spotless ethical record and a passion for working with clients to ensure they have a financially successful retirement.
“It’s an honor to be named as a finalist for the Advisor of the Year award. The talent and dedication of the other finalists is inspiring and it truly humbles me to be named among such talented advisors,” said Stricklin.
Stricklin has also received recognition as a qualifying and lifetime member of the Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, an international, independent association comprised of the world’s top life insurance and financial service professionals.
ABOUT WISE WEALTH, LLC
Wise Wealth, LLC is committed to working alongside clients to build a solid financial future. Honesty, integrity, and the Golden Rule are at the core of how Wise Wealth operates under the direction of its founder, Stephen Stricklin, CFP. As an independent, full-service, registered investment advisor firm, Wise Wealth does not represent any particular third-party company or specific financial products, and therefore acts solely in its client’s best interest. The Wise Wealth slogan is “First Wisdom, Then Wealth” — a timeless principle that provides the blueprint for successful wealth management. By utilizing a step-by-step process, we help educate, advise, and prepare our clients for the future. Wise Wealth thrives on Stephen Stricklin’s passion for helping others achieve their financial goals. To learn more about Wise Wealth, visit http://www.wisewealthkc.com.
Justin Scott, Scott Communications, http://www.scott-comms.com, +1 816-809-3116, [email protected]
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