DALLAS — While no one is certain when the current stock market malaise will end, history has shown that past market crises do end and the markets do recover. This is one of the messages available on a new GuideStone Financial Resources video answering participant questions about the market.
The video, featuring Chief Operating Officer John R. Jones answering commonly asked questions, is available at www.GuideStone.org/marketwatch. In addition to the new video, GuideStone has a full Web resource with another video featuring Jones, articles from GuideStone Capital Management staff and other resources to answer participant questions about the recent market volatility.
In the new video, Jones emphasizes that a well-diversified and appropriately allocated portfolio is important for market conditions such as these.
“It is important to evaluate your current allocation based on your long-term goals and objectives,” Jones said. “Your goals and objectives should reflect your risk tolerance, investment time horizon and age and should not be based solely on fear of where the market is going in the short term.”
The video also addresses concerns by some retirees who opted to receive some of their retirement benefits as an installment payment.
“During times like these, it is a good idea to re-evaluate your retirement income strategy,” Jones said. “Many retirees can look for ways to reduce their expenses, find ways to earn extra income or delay large or discretionary expenses until market conditions improve. The important thing is to plan ahead and not to react solely based on emotion.”
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