The recent fluctuations in the stock market have caused many to take note of their financial security.
If you are looking to best protect your assets during these uncertain times, here are 3 good questions you should be asking your financial advisor in Northern Virginia right now.
Am I Taking Too Much Risk?
The current climate of our nation and of the stock market brings a new necessity to manage risk only where absolutely necessary.
You want to be sure that your financial advisor is working in your best interests.
Why Do I Own My Stocks?
It is important to understand exactly why you own what you own and your financial advisor should be able to provide some serious insights as to the decisions that they are navigating with your money.
A good rule of thumb for any financial advisor to go by when selecting stocks are the following:
- Will it provide long-term gains?
- Will we lose more than 10% from the cost at any point during the holding period?
What Happens if There is an Earlier Selloff?
At the end of the day, you want to have a full understanding of if you will be able to weather even the most tumultuous market period without losing it all.
Discussing a plan for a worse-case-scenario is a financially smart strategy to be prepared for future catastrophes.
Ask your investment advisor about their potential investing tools in these scenarios designed to help protect your financial security.
Schedule an Appointment With One of Our Financial Advisors in Northern Virginia
At Argent Bridge Advisors, we are redefining what financial planning in Northern Virginia means for prosperous families with complex financial needs who promote and appreciate being part of our organization.
Now, more than ever, it is important that you are working with an advisor who you can trust to navigate the current financial climate.