Why timing a volatile market is an 'exercise in futility'
Hennion & Walsh chief investment officer Kevin Mahn joins Wealth host Brad Smith to discuss the risks of trying to time the market and how investors should view recent market shifts and volatility. "Trying to time the market is an exercise in futility because you've got to get it right twice: when to get out and when to get back in," he explains. "It's when to get back in that is often more difficult and allows investors to fall short of their longer-term financial goals." As market leadership shifts and the market remains volatile, Mahn emphasizes the importance of long-term investing, diversification, and staying aligned with personal risk tolerance. "You need to stay true to your risk tolerance," he says. "In other words, your risk tolerance shouldn't go up just because the market is moving higher, just as much as it shouldn't go down just because the market is moving lower. Build your asset allocation strategy consistent with your personal risk tolerance, your investment time frame, and ultimately, what your growth and income goals are." Watch the video above to hear Mahn explain why long-term strategies and diversification are key in today's market. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch
