Beyond the Charts

If you've spent any time on the finance side of social media lately, you've probably seen countless charts reminding us that recessions, market corrections, and even bear markets (-20%) are part of normal market cycles. These posts typically urge investors to stay calm, reminding us that recessions and corrections are common, saying, "we've been here before."

But let's be honest: today's worries aren't exactly the same as yesterday's. The current situation has its own unique complexities, making it completely understandable to feel uneasy about the markets and economy. It's perfectly okay to be worried. It's normal to feel anxious or even scared. Most importantly, it's essential—and healthy—to discuss these troubles openly with your financial advisor.

When clients share their worries and concerns, they're placing a unique trust in their advisor. If an advisor immediately pulls out a chart and recites the standard lines about how "we've been here before," they're not truly listening. They're typically defaulting to what feels comfortable instead of addressing the real issues and questions you have.

Here are some practical steps to consider during uncertain times:

1. Meet with your advisor to express your concerns and create a clear action plan for different market scenarios—whether things worsen or start to improve.

2. Review your financial plan and make it's on track.

3. Get an opinion from your advisor, not just charts and numbers. Aim for mutual understanding and clarity—this helps with both the advisors understanding of you and you of your advisor. Eventually, this leads to better recommendations and a better relationship.

   
   

Next time you encounter one of those posts, remember: it's okay to feel concerned...regardless of what the fancy charts say.

Jose Alvarez

Founding Advisor

Harvest Horizon Wealth Strategies

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The information presented in this blog is the opinion of the author and does not reflect the views of any other person or entity unless specified. The author may hold positions in any securities discussed in this blog. The information provided is believed to be reliable and obtained from reliable sources, but no liability is accepted for inaccuracies. Images included in this blog are created by artificial intelligence. Any resemblance to any existing persons, past or present, is purely coincidental. The information provided is for informational, entertainment, and educational purposes and should not be construed as advice. Advisory services are offered through Harvest Horizon Wealth Strategies LLC, an investment adviser registered with the state of Wisconsin.