Preparing Clients to Ride Out Market Volatility: Dan Crimmins featured in the WSJ

It seems that the WSJ has taken notice of the work that we have been doing on our clients behalf:  Getting them prepared to ride out the market volatility. The question posed to me during my interview was how was I able to keep my clients invested through the “Great Recession” to be able to participate in the eventual stock market rebound?

Article in Wealth Management section of the WSJ on market volitality

I stated during the attached interview for the Wall Street Journal that it starts at the beginning of the relationship.  The key is having my clients understand what ordinary market volatility is and what is required of them to be able to capture the returns that they need to help them reach their goals.

We work beforehand to give them the actions that we will undertake during the eventual downturns (such as re-balancing to purchase shares at low prices) and establishing a cash reserve to be able to reduce or eliminate the withdrawals during these downturns.

The article discusses our use of the fire drill exercise that we use to prepare them for the downturns.  I wrote a post concerning this exercise which can be found here: Financial Fire Drill

I hope you enjoy my interview.  Push on the teal button below to read the article from the Wall Street Journal. (If you are unable to gain access, let us know your mailing address in the Contact Us and we will regular mail you a pdf copy)

Preparing Clients to Ride Out Volatility

If you enjoyed this article,  CLICK HERE to subscribe to free updates from “Roots of Wealth”.

The foregoing content reflects the opinions of Crimmins Wealth Management and is subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.

About Dan Crimmins

Dan Crimmins, co-founder of Crimmins Wealth Management, is a financial coach and fee only financial planner. Have a financial question? ASK DAN

Subscribe

Enter your email address to sign up for free updates from Roots of Wealth and build a strong financial foundation! (we respect your privacy)

No comments yet.

Leave a Reply