Keys To Prevailing Through Stock Market Declines Traditions Wealth Advisors Brien L. Smith, CFP®/James Lane May 23, 2022 “The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people” Warren Buffett “Thank you, clients, for being those patient people.” Brien L. Smith, CFP® I. Summary: 1. Declines have been common and temporary occurrences.
2. Proper perspective can help you remain calm
3. Don’t try to time the market
4. Emotions can cloud judgment
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