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Have you been asking yourself whether it is time to sell or buy? It is perfectly normal to be nervous about your money in the current market, which is a result of the 2020 global pandemic.

It is important that you be very careful when making money decisions, especially if they\\u2019re not based on data.

In this episode of the Secure Your Retirement podcast, we talk about the current market high and whether you should consider selling. We cover the buy and hold and active management investment philosophies and why you should think of the latter when buying or selling.

In this episode, find out:

\\u25cf     The meaning of the market hitting new highs and why you shouldn\\u2019t overthink about the new highs.

\\u25cf     Don\\u2019t make investment decisions based on what you see in the news and instead follow data.

\\u25cf     The buy-and-hold investment philosophy and why it\\u2019s risky during a market up or down.

\\u25cf     Active management investment philosophy- when to shift from stock market to bonds to cash and vice versa.

\\u25cf     Take the emotions out of the investment equation and instead look at the data.

\\u25cf     Why you shouldn\\u2019t necessarily rush to sell based on your feelings and instead wait for the data.

Tweetable Quotes:

\\u25cf     \\u201cBe careful when you read record highs; record high just means that the market has gotten higher than it\\u2019s ever been in the past.\\u201d- Radon Stancil

\\u25cf     \\u201cIt\\u2019s the media\\u2019s job to make these stuff seem exciting while if you just take a step back and look at what\\u2019s going on, it\\u2019s ideal for the market to be hitting new highs.\\u201d- Murs Tariq

\\u25cf     \\u201cYou don\\u2019t want to make a decision off of what\\u2019s going on in the news; you want to follow the data as much as possible.\\u201d- Murs Tariq

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.