What Should I Do When My Investments Go Down?


Hi, I’m David Witter, founder, and CEO of Financial Harvest Wealth Advisors. I’d like to talk about what people are concerned with every time there’s a change in the market. I offer three suggestions for what to do when your investments go down.

What Should I Do When My Investments Go Down?

Sometimes during market volatility, people say, ‘What should I do when my investments go down?’ I’m going to give you three things to consider here today.

One: Don’t Panic

Number one is don’t panic. A lot of times the media, they want ratings, and so they will produce more. I don’t know if excitement is the right word or concern or worry.

Watch Your Narrative

So watch your narrative because they want to shape your narrative so that you watch more and that gives them higher viewership.

Two: Focus On Your Purposes

Number two is to be really centered on your purposes. So what do I mean by that? Well, let’s say that you have 10 years until retirement and you have a plan in place to get there, and then once you retire, you’re going to draw income out of your investments for retirement.

Know What YOUR Plan Is

Just know what the plan is and what your intentions are because sometimes market volatility or even falls in a market today doesn’t really change the investment plan or your intentions or your purposes and how you’re going to get there.

Know Your Volatility and Risk

And last but not least is within the investments themselves, which we sometimes will see is people maybe have a 401k, they’ve been putting money into it and it drifts, and what’ll happen is it may have gotten out of a proper allocation for your volatility or your ability to accept risk.

Three: Get a Professional Opinion

So with that, just get a professional opinion on whether you’re properly allocated to protect yourself on the downside and also to fulfill my purposes and my goals for retirement and being able to retire successfully.

Remember, whether you’re in retirement or approaching retirement or a younger with many years until retirement, the purpose of your investments is to give you inflation-protected income to support your lifestyle when you are retired.

I’m David Witter, founder, and CEO of Financial Harvest Wealth Advisors.

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