CJM Wealth’s CEO Charles Massimo was interviewed in US News & World Report:
Just because corrections are unpleasant and worrisome, investors should not feel compelled to shuffle around their holdings, says Charles Massimo, CEO of CJM Wealth Management in Deer Park, New York.
“Volatility is a temporary concept that passes with time. Most people see it as an excuse to act; those actions lead to real risks, self-imposed risks, like being forced to take a pay cut in retirement because you made a temporary loss into a permanent one when you sold after the market fell, you changed investments out of fear and your money couldn’t keep up with inflation,” he says.
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