A new year may represent a fresh start, but as a recession looms and interest rates continue to climb, investors are realizing the market volatility that marked 2022 will likely linger into 2023. Yet there are key strategies that top financial advisers recommend to make the most out of turbulent market waters and set yourself up for gains in 2023 and beyond.
Most importantly, staying the course amid volatility will lead to long term gains. "After a particularly tough year, many investors may be tired of the emotional roller coaster they have been on and feel compelled to get off, remaining on the sidelines," said Megan Slatter, a wealth advisor at Crewe Advisors. "While understandable, it is arguably one of the worst financial decisions they could make for their portfolio’s future."
