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5. You cannot time the market—stop trying. Many have tried and eventually, they all fail. Market timing is fools' game. Invest for the long term or whatever is the appropriate term for your goals and create an asset allocation appropriate to your timeline. Retiring in 2 years? Invest conservatively, as capital preservation is of the utmost importance. Retiring in 30 years? You have all the time in the world, and might consider being more aggressive and take advantage of the inevitable market corrections and recessions etc. As you get older and beyond the capital accumulation phase of your life, you should consider adopting a more conservative stance as you get closer to retirement. Take advantage of market corrections and dips by adding to your portfolio where appropriate. Remember the market goes up AND down; it is supposed to, however, it has always recovered over time. You just need to factor in the amount of time you have, to absorb the market dips until it does eventually recover. Of course, the other rules come into play. Non quality investments may not recover so if you followed rule #1, you are in good shape and rule #2 as well, even better. Notice a trend with my "rules"? They all work together. I have seen clients who have been convinced the market "Be fearful when others are greedy and greedy when others are fearful". "Invest for the long haul. Don't get greedy and don't get too scared." "The best way to measure your investing success is not by whether you're beating the market, but by whether you've put in place a financial plan and a behavioral discipline that are likely to get you where you want to go." Warren Buffett, arguably the world's greatest investor, understands behavioral finance and has famously said: was going to crash for decades, miss entire bull markets waiting on the sidelines. Behavioral finance at its worst. Markets too pricey I'll wait for a correction? Or another mistake. "Markets down, so I am going to get out and wait on the sidelines," or "I'm going to suspend my 401k contributions and move to cash." Most often, the opposite actions would be the better solution. Anthony (Tony) Cristiano, Senior Vice President - Financial Advisor, Senior Portfolio Manager - Portfolio Focus (201) 634-8024 | anthony.cristiano@rbc.com | 650 From Rd., Suite 225, Paramus, NJ 07652 | us.rbcwm.com/anthony.cristiano Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested. 1According to Portfolio Management Research. Past performance is no guarantee of future results. © 2024 RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC. VUE ON | FINANCE 96 VUENJ.COM

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