It’s been a tough year, both financially and otherwise. Rapidly rising interest rates. Sky-high inflation. Most world economies teetering on the brink of recession. War in Ukraine. The looming spectre of a rerun of the coronavirus nightmare. Needless to say, all the bad news has added up to a significant bear market – one that has mauled pretty much every investor. By the time you read this, of course, the bear market may be over and the stock market may be well on its way to a recovery. Or, perhaps, a new economic or political event will send world economies tumbling over the edge into deep recession. Or maybe neither of these will happen, and the stock market will keep chugging along without a strong sense of direction for several more months. But it almost doesn’t matter. If you’ve lived through the dramatic dips and dives, the head-fakes and false starts, the rapid rises that only turn out to be the start of another leg down, you might be wondering: what the heck should I do now? What moves should I make to protect my family’s wealth? What investments should I avoid? What strategies should I put into place? And perhaps, the biggest question of all: how exactly can I use these wild ups and downs to my advantage? All great questions. And, while no one can say for sure how long the market malaise will last (or when another bout will hit us), there are most definitely practical steps which you can take to help “tame” the current bear market – or any other bear market that you might encounter during your investment lifetime. Taken together, the tips below should help position you for what comes next in the stock market, help you better navigate future volatility and ensure that bear markets don’t take a big bite out of your nest egg. by James Dolan TAMING THE BEAR Practical investment tips for a challenging market 38 | www.snowbirds.org Finance
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