If Wall Street Is Your Street
by Stephanie Maloney
If individual stocks or mutual funds are associated with your divorce, whether by mediation or litigation, don’t panic because of the recent market volatility. When people “inherit” equities it can take some time to learn how to properly keep track of them.
In my many years in the investment sector I witnessed corrections similar to what we are seeing recently and they are an organic part of our financial dynamics.
“You can’t time the market” has been a longtime mantra in a very self-explanatory way because of its simple but indisputable message-just accept it.
What you can do is talk to your investment advisor about whether any changes might be warranted. More often than not “riding out the storm” will be the safest strategy but if your life situation is changing you can adapt accordingly.