Is My Money Safe?

Recently, I have been getting this question repeatedly: “Is my money safe?”

There is a lot of uncertainty about the impact of the policies of the current administration, and uncertainty breeds fear. When people ask me this question, my goal is to understand their underlying concern and the source of their fear. In most cases, fear stems from the sources of information that they consume—and in today’s world, there is no shortage of market and economic predictions coverage. Historically,  every market and economic cycle, seems somehow worse when you are living through it.  Sir John Templeton aptly said: "The four most dangerous words in investing are: ‘This time it’s different.’"

Investing is a long-term commitment, much like watching paint dry or grass grow. That’s why it’s essential to identify the source of your fear and determine what will help you sleep better at night. Is it having extra cash on hand? Buying gold? Realigning your portfolio? Or simply gaining a better understanding of your investments?

Whatever the answer is for you, it’s worth exploring—so you don’t fall into the common trap that many investors regret: selling low and buying high!