Page 26 - North Haven Magazine Issue 29 Summer 2023

by Jeff Jolly
How to View Your
Investments in 2023

Investors came off a difficult year in 2022 – stocks fell into a bear
market (defined as a decline of 20%+ from peak highs) and the
bond market lost significant ground, as well. The stunning jump in
inflation after years of very low interest rates made matters worse.
Watching your investments and the value of the dollar depreciate
simultaneously wasn’t easy – and the prospect of more volatility
ahead has many investors nervous. As a financial advisor, I’ve fielded
many of the below questions from my clients that you may also be Kyle Casagrande -Financial Advisor, Jeff Jolly -Private Wealth Advisor,
contemplating. Keep in mind that while there is no single solution that Cheyenne Inturri-Executive Assistant
applies to all investors, there are some general guidelines, based on
where the markets stand today, and the historical record, that may
be helpful. Q: What should I do if I have not yet invested or am fairly new
to it?
Q: How should I cope with market fluctuations that are affecting A: If you’re new to investing, chances are you have a long time
my retirement savings? horizon before retirement and can ride out the short-term bumps
A: If you’re within five years of your retirement date or already retired, in the stock market before you’ll need to start withdrawing assets.
be aware that you have less time to make up for losses in your Start by finding ways to save even small sums on a regular basis.
portfolio. You may want to re-evaluate your risk tolerance, projected This includes contributing to your workplace retirement plan such
income needs, and investment strategies. It may make sense to as 401(k) or 403(b) accounts and putting money to work monthly in
pursue multiple strategies, seeking to grow a portion of your nest a traditional or Roth IRA. The sooner you start investing, the better
egg while protecting dollars you will need to tap more immediately your opportunities to accumulate wealth.
(in the next 3-5 years).
Q: I’m very uncomfortable with the markets and volatility these
If you are more than five years from retirement, focus on mitigating days. How can I overcome that?
risk in your portfolio with high-quality investments and income- A: While you may wonder whether you should invest in or continue to
producing securities. If you have available cash to invest, do so “ride out” the challenging market, it’s important to stay invested. You
using a systematic approach, investing a portion monthly over 6-12 want to be positioned for a recovery, which typically occurs without
months. By dollar-cost averaging in this way, you may be able to warning. Keep in mind that in the first year after the low point of the
offset some of market’s inherent unpredictability. last nine bear markets, the S&P 500 returned an average of nearly
50%.
If retirement is ten or more years away, work on growing your nest
egg. Time is still on your side. View the market’s recent downturn A good place to start is to speak with a financial advisor who may be
as an opportunity to position your money in quality assets that are able to help you steady the boat. Your advisor can help make sure
available at more attractive prices. Although markets will experience that your portfolio is positioned to meet your key financial goals and
downturns from time to time, keep in mind that over rolling ten-year is consistent with your risk tolerance level.
periods, the broad stock market (as measured by the S&P 500, an
unmanaged index of stocks) has always moved higher.

Jeffrey T. Jolly, CFP® is a Private Wealth Advisor and Sr. Vice President with Root, Borajkiewicz, Lucarelli Wealth be an effective means of accumulating shares. Investors should consider their ability to continue investing through
Advisors, a private wealth advisory practice of Ameriprise Financial Services, LLC. in North Haven, CT. He periods of low market prices.
specializes in fee-based financial planning and asset management strategies and has been in practice for 18 years.
To contact him, (203) 407-8188 ext. 330 or visit Jeff Jolly - Financial Advisor in North Haven, CT | Ameriprise Financial Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a
(ameripriseadvisors.com), 250 State St, E-1 North Haven, CT 06473 registered investment adviser.

Ameriprise Financial and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or
or attorney regarding their specific situation. guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation
in value.
Dollar cost averaging is a method of investing that helps reduce the risks of market timing by investing a fixed amount
at regular intervals. When prices are low, your investment purchases more shares. When prices rise, you purchase Ameriprise Financial Services, LLC. Member FINRA and SIPC.
fewer shares. Over time, the average cost of your shares will usually be lower than the average price of those shares.
It does not assure a profit or protect against losses in a declining market. However, over longer periods of time it can © 2023 Ameriprise Financial, Inc. All rights reserved.

North Haven Magazine - Summer Issue 2023
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