Wealth Management Expert Says: Control Your Emotions!
Charles Massimo, Wealth Management Expert, on 97.3 KIRO radio says, “Control Your Emotions”!
It’s easy to panic right now if you are an investor. With the debt crisis debacle, the recent S&P downgrade and the volatility of European markets, the key to weathering the current state of the economy is to “control your emotions”.
Top wealth management firms and advisors should be informing their clients that the worse time to sell stocks is on the dip. We went through the same thing in 1980-81 during a double-dip recession. If you cash out at the bottom and sit on the sidelines, you’re doing more damage to your portfolio than you realize. Don’t try to pick and choose when to get in and when to get out of the market. Have a game plan and stick to it!
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About Charles Massimo
Recognized as industry expert and guest speaker at national industry conferences, Charles Massimo is a published author and media subject expert on topics ranging from wealth/asset management to investment and financial planning for high net worth families.