If this market decline feels different to you—then you’re correct.
Unfortunately, Doug thinks things are about to get a lot worse.
Already, many global market indices are in a bear market, as are many sectors such as financial stocks, biotech, transports, energy and oil. Every stock market in the world is down, and it’s not just stocks that have been affected, either. Oil is down, commodities are down, and high-yield bonds are also down.
We are in a global bear market.
Yet, bear markets don’t have to be the death rattle for your portfolio. In fact, bear markets are avoidable—if you’re willing to act in defense of your money.
During bear markets, you must have a plan. Not just a short-term plan to preserve your capital, but a long-term plan to get you on the right path to achieving your financial objectives. Just getting out of stocks will not accomplish your long-term goals.
At Fabian Wealth Strategies, our clients have been in a defensive mode with high cash positions throughout this selloff. Now, we are waiting for the next opportunity to take advantage of markets at a discounted price. If a recession in the U.S. is avoided, there could be some fantastic buying opportunities later this year for those who have the capitol.
If you want to dodge this bear market while also putting yourself on the path toward long-term wealth creation (who doesn’t want that?), we invite you to find out more about our Personal Wealth Coaching services.
Right now, we’re offering our Personal Wealth Coaching service – a $3,000 value – at a discount of more than 80% – because of the tremendous need during a bear market.
Email us with questions about Personal Wealth Coaching at askdoug(at)dougfabian(dot)com or give us a call at 888-300-3684. We want to show you how bear markets are avoidable—if you have the right coach directing your plays.