The headlines are loud, the markets are messy, and your gut might be telling you to do something – anything- right now. But what should you actually do when your portfolio takes a hit?
In this episode, Steve will break down how you can respond smartly when markets turn turbulent. Whether you’re feeling calm or full-on panicked, this conversation offers four practical questions to help you check in with your plan, reassess your risk, and avoid emotional mistakes. We’ll also dive into timely strategies like rebalancing, tax-loss harvesting, and spotting unhelpful habits (like doomscrolling or constantly checking your portfolio) that can derail a long-term plan.
Here’s some of what we discuss in this episode:
📊 How to gut-check your financial plan
⚖️ Aligning portfolio risk with real-life reactions
🛠 Smart strategies: rebalancing & tax-loss harvesting
📉 Common behaviors to avoid during downturns
💡 Why your plan should already expect volatility
0:00 – Intro
2:22 – Client reaction to volatility
4:18 – Question 1
6:05 – Question 2
8:45 – Question 3
11:23 – Question 4
Resources
Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
