Q. Robert, I have been stressed over recent swings in the stock market. My account value went down over $20,000.00 in a very short period of time. My financial advisor does not seem concerned. What would you recommend? Tom in Kernersville

A. Tom, we will always have swings in the stock market. Ask yourself this question, if your account value goes down 30% or more, how will that affect you? I know some advisors who work off the old “Rule of 100” strategy. This is basically done by subtracting your age from 100, then using the difference as a guideline for the amount of money to be at risk. An example would be: A 70 year old person should have 70% of their money in safe investments, and 30% in more aggressive investments.

This is just a guideline and does not apply to everyone. Some people have more risk tolerance than others. Some can afford to take more risk if they have a guaranteed pension and/or a really good social security income.

On a personal note…with Thanksgiving approaching, be sure to take some time to think about the things you are thankful for. Try to do something for those less fortunate, like donating clothes, food, or your time. I promise you that you will feel better for having done so.

Keep the questions coming at rdcooper@globalfinancialpc.com.
Call the office at 336-993-2012 to schedule your complimentary consultation with me.

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Robert Cooper, CRPC, RFC

Investment Advisor Representative

Providing Financial Planning Services in the Triad for Over 20 Years

336-993-2012 • www.coopercares.com

935-E Mountain St., Kernersville, NC 27284

Investment Advisory Services Offered Through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.

If you would like a complimentary consultation with Robert, call the office at 993-2012.

Robert Cooper and Global Financial Private Capital, LLC do not provide tax or legal advice. Individuals should seek advice from their own tax or legal counsel for their particular situation.

Any comments regarding safe and secure investments and guaranteed streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Insurance and Annuity product guarantees are subject to the claims paying ability of the issuing company, and are not offered by Global Financial Private Capital.