Maybe It’s Time to Gut Check Your Risk Tolerance
June 17, 2020 by Lyle Boss
Whenever there is a shake-up in the market, there are stories shared and lessons learned. Market downturns are the place where a client discovers, for better or worse, if the financial advice they got from their advisor was the right advice.
When things are going well, and the bulls are running, bad advice gets obscured amid the excitement. Sometimes even the most incompetent and untrustworthy planners look good as long the moon is waxing.
An oft-quoted adage says, “A rising tide lifts all ships.” But the real test of whether the advice they are getting is sound or not is what happens to their money when the market goes off track.
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