Looking for Bubbles Everywhere

It’s OK to feel excited or scared about the market, but talk to your advisor before acting on those feelings.

With the markets predominantly producing positive news so far this year, you would think that would have investors feeling optimistic. But are they? Carl Richards, director of investor education for the Buckingham, senses what is known as the “wall of worry” on Wall Street — that the markets are doing well in spite of investors’ worries, whether it’s Europe and Cypress or the continued debt debate here. Carl writes of the importance of staying disciplined, whether you are feeling anxious or optimistic: “No matter if you’re feeling excited or scared, those feelings are normal. It’s OK to feel it — but it’s not OK to act on it.”

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The opinions expressed by featured authors are their own and may not accurately reflect those of the BAM ALLIANCE. This article is for general information only and is not intended to serve as specific financial, accounting or tax advice.

© 2013, The BAM ALLIANCE

 

Carl Richards, CFP®

Carl Richards is the creator of the weekly Sketch Guy column in The New York Times and is a columnist for Morningstar Advisor. Carl has also been featured in The Wall Street Journal, Financial Planning, Marketplace Money, The Leonard Lopate Show, Oprah.com and Forbes.com. His simple but meaningful sketches served as the foundation for his first book, "The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money."

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