Worried About The Market Going Back Down

You aren't alone! But what can you do right?

Do you still remember the down years that happened just a few years ago? It is very easy to forget about the down years when the market is up. In fact sometimes it seems like they didn't even happen. An easy thought pattern to get into that can be very destructive is staying put when your investments are up and making changes when they are down.

It is a great way to manage your investments on a very specific basis but on general market moves it makes more sense to lock in your gains instead of locking in your losses. That's right, lock in your gains and not your losses. That way you never lose your hard earned investment gains.

It is an emotional battle to sell investments that are doing well in order to lock in gains. I have to battle with the idea that maybe my investment will do just a little bit better, make a little bit more, a few more percentage points and sometimes they do! But sometimes they don't. Is it worth to lock in gains?

That is a decision you need to make on your own. Fixed indexed annuities are a great place to lock in your gains each year and you don't have to sell investments each year to do so. Now is a great time to consider selling your investments that are fully recovered from the down markets over the past few years. Read more about how it works in the new article - Ending Market Fluctuations With Fixed Indexed Annuities.

Image By Elpidoforos Papanikolopoulos

Comments are closed for this post.