Cold weather is a fact of life in Minnesota winters. It’s the price we pay for beautiful summer days at the lake and unbeatable fall weather. Not everyone here loves the below zero temps that come, but we have learned to deal with them. Those who can’t stand a week where it doesn’t get above zero degrees Fahrenheit shouldn’t live here. Such long cold snaps don’t happen every year, but they are relatively common. It is a known risk.
Of course, you know that the stock market has known risks too. People don’t love it when stocks drop suddenly, worse yet when they suffer a prolonged bear market. You learn to deal with the ups and downs though. That’s the price we pay for a chance at solid long-term returns. If the volatility is too much for you, balance out your stocks with high quality bonds. Think of it like moving just a little further south from MN.
If the stock market still gets to you when it goes down, find a trusted advisor to guide you through it. Their guidance can feel like a respite from the storm. I guess that’s sort of like a trip to Florida to take a break from the winter. I recommend those too.
Legal Disclaimer: These posts do not constitute an offer or recommendation to buy or sell any securities or instruments or to participate in any particular investment or trading strategy. They are for informational purposes only. CTW gathers its data from sources it considers reliable. However, CTW makes no express or implied warranties regarding the accuracy of this information or any opinions expressed by the author and may update or change them without prior notification.
About the Author: John O’Connor
John has more than ten years experience as an Investment Advisor. He focuses on devising and maintaining portfolios that meet individuals’ needs, investment research, and investment strategy. John has been recognized as a “FIVE STAR wealth manager” by Twin Cities Business Magazine 2016-2020.