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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

😴 This too shall pass...

Published 22 days ago • 1 min read

Howdy Reader,

The stock market has been like a rollercoaster this year week. With the tariffs on and then off and then on and then whatever... plus stocks being relatively high (even with the pull back on Monday, we were last at this price in September 2024), you might be wondering if you should DO something.

If you are nearing retirement, this level of volatility should make you reconsider your portfolio allocation a little bit.

Vanguard released a market outlook report late last year that suggested we should be more conservative.

My friend Rob Berger discussed this on his Youtube channel and it's worth watching his 17 minute discussion. I'm far from retirement so I'm not changing anything, but if you're closer, it's worth thinking about because this volatility is quite volatile!

(also, it's important to remember that the market does this often)

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💻 Lessons from 150 years of market crashes

This first post comes from Morningstar and, given the few weeks we've had in the market, felt important to highlight.

The market volatility of the last few weeks, triggered mostly by tariff threats and delays and other executive behaviors, are enough to make any long term investor sweat.

Unless you're a super long term investor.

Then you'll remember that this has all happened before:

​👉 What We’ve Learned From 150 Years of Stock Market Crashes​

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⌚ It's never too late

When I was younger, I was always in a hurry.

Things were never going fast enough. I was impatient. I wanted things to happen immediately and so I pushed and I pushed and I pushed.

It wasn't until I got older that I realized that a bias towards action was good, but it's never too late. There's no need to rush.

​👉 It's never too late​

​

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Talk to you soon!

Jim

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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

💵 Founder of WalletHacks.com

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

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