MADISON, Wis. -- For members confused and worried about their next financial steps, MEMBERS Capital Advisors has prepared a viewpoint that outlines 10 ways to survive a bear market.
The first suggestion to investors is not to panic after they see their Sept. 30 investment account statements, said MEMBERS Capital, the registered investment adviser subsidiary of CUNA Mutual Group. Members were also reminded that "bear markets and economic recessions have happened before and will happen again."
"Studies continue to show that unless you are a consistently brilliant market timer, you need to have exposure to the best market trading days in order to earn the average return that the stock market has historically delivered over time," wrote MEMBERS Capital (www.memberscapitaladvisors.com). "Unfortunately, that means riding the down days in order to catch the up days."
MEMBERS Capital also suggested members review their financial game plan with their advisors, have a thorough discussion about the ability to handle financial volatility or price fluctuation, and have enough short-term liquid investments available to pay for daily living expenses.
Members were also advised to pay down debt as quickly as possible and keep disability and other long-term care protections current and paid up.
