Market volatility can cause some investors to stay out of the markets. But having a better understanding of your goals and the progress you are making towards them can help you gain confidence, even during periods of volatility. By exploring and identifying your goals on WebBroker, you can prioritize what’s important and take steps with your investment portfolio to reach them.
Let's use retirement as an example. Start thinking about when you want to retire and how much you can start putting away. That can help you figure out how your retirement savings may grow over time and whether you're on track to meet your plan to retire well. And if your goals change because, well, life happens, don't worry. Go back to your plans and adjust the goalposts.
But here's the point. Having clear goals and a plan to achieve them can keep you focused instead of being swayed by fluctuations in the market. I'm Kim Parlee, and that's your Money Talk Minute.