• linkedin
  • Increase Font
  • Sharebar

    How to use volatile markets to spur better financial planning

    Volatile financial markets can be unsettling, but it is important to realize that volatility itself should not cause a medical professional or anyone else to abandon a well-conceived financial plan. The market volatility that erupted in 2015 and early this year can have a positive effect by making investors take a second—or maybe a first—detailed look at their financial plan and see if it is one for all seasons.

    Creating an investment strategy

    Of course every sound plan has an investment component, and it is important that investments be properly diversified and rebalanced periodically. Creating a successful investment strategy begins with having a discussion with a professional about life goals. Retirement is an important subject, including the lifestyle one hopes for after the working years are over.  Furthermore, there can be other important interim goals, such as paying for children’s higher education, or having a vacation home. 


    Top 13 tax tips doctors need to know for 2016


    A vital element of the goals discussion is determining the rate of return that will enable objectives to be not merely met, but met within one’s own risk tolerance.  Volatility is a reminder that risk certainly exists, but a long-term plan that is well thought out and takes risk into account can help ease your mind through the ups and downs of the markets.

    Next: Advice from the experts

    Chris Kampitsis, RICP™
    Chris Kampitsis, RICP™


    You must be signed in to leave a comment. Registering is fast and free!

    All comments must follow the ModernMedicine Network community rules and terms of use, and will be moderated. ModernMedicine reserves the right to use the comments we receive, in whole or in part,in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

    • No comments available

    Latest Tweets Follow