Five Keys to maintaining a Long Term Strategy:
Maintain Perspective– quick impulse decisions can undermine long-term growth. Patience has rewarded stock holders throughout history.
Know your Goals– Focus on your investing objectives and keep your systematic investment approach to reaching your long-term goals. Take emotions out of the market swings.
Benefits of Asset Allocation– A diversified portfolio allows you to mitigate risk over many asset classes.
Stay the Course– Volatility is inevitable. Letting your emotions make decisions may lead to buying high and selling low. Do not bail on your investment strategy.
Moving Forward– Review your portfolio allocations to make sure they are still in line with your goals, time horizon and risk tolerance.
Sound planning allows you to stay the course!
Chesapeake Financial Advisors is a fee-only financial planning, investment advisory and tax planning firm with offices in Towson and Columbia, Maryland.