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Market & Portfolio Review: 5-6-22

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Navigating Market Drawdowns

In this week’s weekly update, we will be discussing how a financial plan can help you navigate through tumultuous times in the market. We will review the importance of having a plan in place, how a plan could have helped navigate both historical drawdowns and their eventual recoveries, and the importance of leaning on your financial advisor during these times.

Key Takeaways

  1. Implement a plan, follow it, and then continually reassess your financial plan to ensure it aligns with your goals and time horizons
  2. Focus on what you have control over within your financial life
  3. Don’t allow emotions to take over during times of distress, remember your goals, and timelines, and if you do reallocate your investments, consult your advisor and do so from a position of strength

The information here is presented by licensed professionals and not specific to any individual’s personal circumstances. Investment advisory services offered through LifePro Asset Management, LLC, a SEC registered investment adviser. Investments involve risk and are not guaranteed. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy will be profitable or equal any historical performance. Discussion of any specific stocks are based on objective, non-performance criteria and such discussion neither serves as a recommendation nor as the receipt of, or a substitute for, personalized advice. Due to various factors, including changing market conditions, such discussion of positions and/or recommendations may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Advisor, or from any other investment professional. Forward-looking statements such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. LifePro Asset Management does not undertake any obligation to correct or update any forward-looking statements on the LPAM Site.

Tim Devlin

Tim Devlin

Tim Devlin is the Junior Investment Associate at LifePro Asset Management. He works with financial advisors building diverse financial portfolios that best empower their clients with a lifetime of financial security.

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