Search

Speed Bumps & Headlines



Focus on your overall approach during times of short-term volatility


Provided by Derek Cockrell


As an investor, it can be tempting to get caught up in daily news headlines. Consider how news about the election and COVID-19 vaccines have moved the markets over the past several weeks. But having a financial strategy can help you ignore short-term volatility and focus on your long-term vision.


“...only 44 percent of workers have estimated how much income they would need in retirement...”

As you know, investing is a process based on your goals, time horizon, and risk tolerance. Interestingly enough, it’s also a process that may help you prepare for life’s financial challenges.


For example, did you know that only 44 percent of workers have estimated how much income they would need in retirement? What’s more, only 36 percent have calculated how much money they would need to cover healthcare expenses.1


Creating a financial strategy means thinking about the bigger picture, including a variety of issues like monthly income needs, handling unexpected expenses, and preparing for healthcare costs. People who take a “do-it-yourself” approach can quickly find themselves overwhelmed by all the variables they need to consider.


If a current event or headline has caused you to reconsider your financial strategy, please give us a call. Sometimes, a newsworthy event can require a new approach. But many times, it may just be a “speed bump,” a momentary blip that’s already factored into your long-term vision.


Derek Cockrell may be reached at (575) 769-3965 x101 or Derek@ContemporaryBenefitsLLC.com

www.ContemporaryBenefitsLLC.com

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.


This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.


Citations

1. EBRI.org, April 23, 2020

0 views0 comments

Recent Posts

See All

Contact

  • Black Facebook Icon
  • LinkedIn
  • Black Twitter Icon

Mailing Address:

PO Box 1083

Clovis, NM  88102

Supervisory Office:

6000 Uptown Blvd NE, Ste. 100

Albuquerque, NM  87110

​​

Tel: 575-769-3965

Fax: 575-769-1489

derek@contemporarybenefitsllc.com

marli@contemporarybenefitsllc.com

jessica@contemporarybenefitsllc.com

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Contemporary Benefits, LLC, and Cambridge are not affiliated. 

This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction.  As with any security, request a prospectus from your Registered Representative.  Read it carefully before you invest or send money.  A Representative from Contemporary Benefits, LLC will contact you to provide requested information.  Investment Professionals of Cambridge Investment Research, Inc. do not provide tax or legal advice in their roles as Registered Representatives.  Please consult your tax advisor or attorney regarding your situation.  Securities products are limited to residents of New Mexico and Texas.

© Pages, Images, and Videos Copyright Protected
Broker check transparent.png