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Business Monthly: Stock Market Turbulence & 5 Steps to Weather the Storm

The increased stock market volatility experienced to date in 2016 has been driven by a global economic slowdown leading to increased fears of a recession in the U.S.  At this point, the U.S. economy does not appear likely to be on a path toward a recession in 2016. Contrary to the stock market turbulence, some risk seekers may wonder if this is a good time to jump into the market and invest extra cash while the market is down. It may be best to not do much trading when markets get extremely volatile. Here are five steps that investors can take to weather stock market turbulence:

  1. Distinguish financial resources required to meet short-term goals from long-term goals.
  2. Understand your cash-flow requirements. Cash needed to…

To read the complete article by Christopher Parr, CLICK HERE.

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Christopher Parr is President of Parr Financial Solutions Inc. , a Columbia-based, independent, fee-only, wealth management firm:  He can be reached at 410-740-9011 or on-line: www.ParrFinancialSolutions.com