With the market making big swings in both directions recently, we just want to put a gentle reminder out there to investors to keep your long-term financial goals in mind. It is easy to make a quick reaction when you see a big move down in your portfolio, that is why we recommend working with a financial advisor. Working with a professional allows you to bounce ideas off of someone, they can act as a buffer to emotional decisions you may make otherwise.
We also want to take this opportunity to remind you of one of our favorite investment strategies here at NJC Investments, dollar cost averaging! If you listen to our weekly radio program on 94.3 FM The Talker, every Saturday morning at 9:00, you may already know how much we stress getting started with a dollar cost averaging plan. In fact, we even have our very own Queen of Dollar Cost Averaging right at our office. This strategy invests a specific dollar amount each month, every month, whether the market is up or down, therefore averaging out your cost basis. You are getting more shares when the fund you are investing in is down, and less when it is up. We can even set it up to automatically come out of your checking account and go directly into your investment account. It’s easy to get started! If you have any questions about working with a financial advisor or dollar cost averaging, give our office a call.