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Investment

6 Tips to Manage Market Stress

1. Fight the urge to peek (and panic)

Aside from the emotional torture of watching your long-term investments decline minute by minute, checking on your portfolio every hour on down days can lead you to make some less-than-rational decisions. Sure, everyone wants to buy low and sell high, but human nature can convince us to sell before “things get worse,” which is the exact opposite.

2. Stay invested in your convictions 

See how the underlying businesses in your portfolio are doing. Are their earnings and revenue keeping pace with past years? Most successful stocks have drawn down by 50% or more at some point in their history,1 but great companies usually deliver good returns over the long term.

3. Harvest some tax losses

Sometimes, it’s smart to sell at a loss to offset profits you’ve made elsewhere. Every dollar you report as a loss helps reduce your taxable gain on something else. Even if you have no capital gains, the IRS lets you claim up to $3,000 in capital losses. If you have more than $3,000 in losses, you can carry that over for the following year(s).2

4. Shop for bargains

In real estate, they say you make your money when you buy, not when you sell. The same can be said for investments. An attractively priced equity bought today – and there are plenty of bargains in today’s market, if you know where to look – could be worth substantially more 10, 20 or 30 years from now, when it’s time to sell. One investor’s volatility is another’s opportunity.

5. Consider owning a non-correlated asset

 When the equities markets are volatile, it’s refreshing to have a non-correlated asset that allows you to take advantage of opportunities as they continue to arise. 

6. Above all, work with a financial professional you trust.

The right financial professional can help you see the holes and opportunities in your balance sheet. So, you can feel more confident and less anxious during times of market disruption.

1. Extreme Stock Market Performers: Expect Some Drawdowns, Hendrik Bessembinder/W.P. Carey School of Business, July 21, 2020

2. https://www.thebalancemoney.com/can-a-capital-loss-carryover-to-the-next-year-2388983#:~:text=The%20IRS%20allows%20you%20to,capital%20gains%20and%20ordinary%20income.

Guardian, its subsidiaries, agents and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.

Past performance is not a guarantee of future results. All investments contain risk and may lose value. Equities may decline in value due to both real and perceived general market, economic and industry conditions.

Pub11734  2022-141911 Exp. 8/24

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

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