Stock Market Volatility Provokes Big Worries

Stock Market Volatility Provokes Big Worries

There are some things in life that you can always count on. You’ll miss the train (or hit all red lights) when you’re already late for work. Tax forms will mystify you once again. And you’ll worry about the stock market. While there are some easy remedies for the first two situations, constantly fretting about the market can be tougher to deal with. You can, at least, take solace in this — you are not alone. A new report found that 40 percent of Americans are worried about market volatility.

The 2018 Market Perceptions Study, commissioned by the insurance company Allianz Life, found that stock fluctuations are a big concern for non-retired adults. Among the respondents, 37 percent said recent market changes have them worried about their retirement savings. Another 38 percent claimed that should the market go through a “significant drop,” they would not be able to rebuild their nest eggs in time for retirement. The Allianz Life study also found that 42 percent of Americans fear such a big market crash and 44 percent expect a “major recession” within the next 10 years. The results show that for many Americans, market fluctuations are a real concern. “Volatility matters, and while we see some increasing comfort with volatility, it is driving a simmering anxiety in many Americans,” Paul Kelash, vice president of Consumer Insights for Allianz Life, said in a statement. “This anxiety about the negative effects volatility can have on their retirement savings is very real and people are still searching for the right solutions.”

The right solutions, thankfully, are out there. If you’re ready to look for them. For starters, make sure your portfolio is balanced and refocus on your long-term goals. The reality is that investing in stocks — even with their risks — has historically brought better returns than “safer” products like bonds. You just have to stick with it. If you truly want your nest egg to grow, take deep breaths and once again remind yourself that the market goes up and down all the time. Worry less about market volatility and more about what hobbies you’re going to try out during retirement.

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