Corrections happen. The event(s) which trigger stock market corrections are seldom predictable. You know declines will occur but it is seldom possible to know when the next one will begin, how long it will last or how deep it will get. The recent 7.62% decline in the S&P 500 is likely to be the start of a long awaited and normal 10% to 15% correction in stock prices which typically occurs every 12 months or so. We have just experienced a 44% rally since the December 24, 2018 low and a selloff at this point is nothing more than a normal event benefiting the long-term health of the markets.
This short video provides a good description of the steps which should be followed for those who are managing their own portfolios. Clients of The Trust Company of Kansas will be reminded how much easier their lives have been since their financial plans have been developed with the assistance of an experienced fiduciary and moreover, how their portfolios are managed to meet their goals using a proven fiduciary investment process.