In any given year, even in good years, the World Stock market will be minus an average of 15% at some point during the year.
Every seven or eight years the market will be down two or three times that, minus 30% to 50%. Right now we are going through one of those major downturns. Is this a cause for concern ? the answer is no, we have been here many times before.
In the past forty years for example there have been six major downturns in 1981, 1987, 1990, 1998, 2002, and 2008. At times like these the benefit of having a Lifetime Financial Plan becomes clear, because it allows you to see the big picture. Give us a call if you want to discuss any financial planning matter.