Interview Kathleen E. Owings.
Financial Advisor, Kathleen Owings can discuss the topic of how to go about finding and hiring the right financial planner for your individual or family needs.
Some Key Talking Points From Kathleen Owings
on the Coronavirus Threat and Your Investments:
People are closely watching how the stock market dropped last week and are starting to get nervous. The Fed adjusted interest rates, yet the market didn’t react as positively as they had hoped (that day). Should people be overly concerned?
Short answer: No. People should not freak out, but there are a few things you can still do.
First, as with anything concerning the market, there is always volatility. Yes, we should watch what is happening, but it should NOT drive your financial decisions.
Understand why you are reacting the way you are, and also understand the purpose of your money. Most people do not need their money immediately, so they have time on their side to withstand the volatility. Is it just emotional?
However, no one likes to see their account balances go down. So I recommend that people understand when they need their money for retirement or other financial objectives, and then also have their accounts properly diversified to endure the volatility. If their money is needed in a very short period of time, such as less than one year, then they may not want to be in the market (as we know that short term volatility can be a bit of a roller coaster).
As a financial advisor, my phone starts to ring with client questions during times like this. A good financial advisor should have you positioned so that you can weather the volatility and not make an emotional decision based on short-term volatility.
Financial advisors pay attention in a different way . . . they are looking for the opportunities to get in and take advantage of the volatility for some clients.
If you do NOT have a financial advisor, you should consider getting one. They are helpful for people to call during volatile times to gain perspective on the market . . . and to help you be positioned properly throughout the year based on your personal goals.
Available for Interviews: Kathleen E. Owings.
Kathleen E. Owings is Principal and Financial Advisor for Westbilt Financial Group. She was named one of the 4 Under 40 in 2018, a prestigious award given by the National Association of Insurance and Financial Advisors to only four young advisors in the country. Kathleen manages assets for individuals, families, and businesses to the highest standards of fiduciary duty.
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