Overreacting to the Market
by Stacy Francis, CFP®, CDFA
If you are developing a nervous twitch lately it may be a sign that you are a market over-reactor. While there will always be an economist that preaches doom and gloom, be assured that while the economy may have slowed, it hasn’t fallen off the cliff.
Let’s look at a few bright spots! The housing market is booming. Record numbers of people are buying and selling homes. Look at house construction. Yes, it’s higher too.
Consumers like you and I are also spending in droves. We are helping this country actually buy itself out of this recession. And overall job growth is slowly increasing.
Fact is, while many people overreact to bad news, it pays to keep your cool.
Stacy Francis is president and CEO of Francis Financial, Inc., a fee-only wealth management practice dedicated to investment advisory services for women, couples and those experiencing divorce. She is also the founder of Savvy Ladies®, a nonprofit organization that educates and empowers women to take control of their finances.