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It hurts when the markets turn bad. No one feels good when their stocks, investments and retirement funds suddenly deflate. But the news during volatile markets isn’t all bad. There are some golden opportunities for those who know where to look.
The key, as Barron’s notes, is to adjust your approach. Instead of bailing out of the market, taking your losses and finding yourself in a worse position when the market recovers, you can take advantage of your depreciated assets. Take the long view. And, in the end, you may end up ahead of the curve.
There’s little reward to a bad market if you’re living day-to-day off your dwindling retirement fund. However, the more you have and the more patient you can afford to be, the more you can afford to let your depreciated assets sit and recover. You can look for—and take advantage of—the good side of their depreciation.
Several of the better ways to take advantage of depreciated stocks tie to your estate plan:
Naturally, which of these options—and how many of them—may be best for you depends on your circumstances and your goals.
You can’t part the clouds and bring out the sun. And you can’t kickstart the market on your own. You can, however, look to make the most of the current situation. Much of it is a matter of perspective.
For those with enough patience and an eye to their long-term goals, the volatile markets may offer bittersweet rewards. This may not be a great time all around, but it may be an excellent time to meet with your attorney and review your estate plan.