Summer Time = Review Time
As the temperatures rise and vacation season kicks into gear, something else tends to cool down – the stock market.
It’s not unusual for market activity to slow during the summer months. With many investors, fund managers, and business leaders taking time off, the markets can become quieter and more stable (though not without their surprises, of course). This seasonal slowdown – often called the “summer doldrums” – means fewer major moves, lower trading volumes, and generally less news making waves on Wall Street.
But that makes this time of year ideal for something else: reviewing your investment strategy.
While the markets may be napping in the sun, that doesn’t mean your financial planning should be. In fact, summer is a smart time to review your overall investment strategy. With fewer daily headlines and distractions, you have a great opportunity to take a step back and evaluate how your accounts are performing.
There are a handful of questions to bring to your advisor during this time to help kickstart the conversation. Have your goals changed? Has your risk tolerance shifted? Are your current allocations still aligned with your long-term goals? These questions are best addressed before the busier fall and year-end planning season begins.
If you’re already investing, now is a great time for a portfolio check-in. And if you’re just getting started, this slower market season may be ideal for laying a strong foundation.
We’d be happy to help you take a fresh look at your accounts or get you started on the right foot. Whether you have been meaning to have this conversation for a while or just need a quick review, let’s make it happen.
Give us a call to schedule a time to connect. Let’s use this summer slowdown to your advantage – so you’re ready for whatever the rest of the year may bring.