Thoughts on Investing in 2009
Jan Franklin, President of LFCU's Investment Division, will answer this quarter's investment question.
Jan Franklin
President, LFCU
Financial Services Inc.
Financial Consultant
Q. 2008 was not a good year for my investment accounts. What can I do to make 2009 better?
A: 2008 could very well be the year that most of us would like to forget. The Dow Jones Industrial Average was down 47% at the low on Nov. 20 and some of the oldest financial institutions in the country succumbed to bankruptcy. How will 2009 fare? No one can say with certainty; the times are challenging to say the least. That's why it is important to review your portfolio and make sure that you're well-positioned to take advantage of the long-term upside potential from the lows we've seen recently.
The good news is that you're not alone when it
comes to making important financial decisions.
An LFCU Financial Consultant can help you determine
what strategy is best for you, review your risk
tolerance and make adjustments to your portfolio
where necessary. More important, they have the
experience to help you uncover opportunities in this
challenging market.
Here are some helpful tips to consider:
- Don't sell based on emotion
- Employ dollar-cost averaging to feel better about up and down markets*
- Know your tolerance for risk
- Meet with your financial consultant to re-evaluate your overall investment strategy
LFCU can help you create a financial plan of action to navigate uncertain markets. Schedule a no-obligation consultation with an LFCU Financial Consultant today. Visit www.lfcu.com or call (800) 553-3707 today.
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