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By some measures we are in a market correction. This normally means a drop of 10-20% in stock prices. Just a few thoughts:

1. You should always plan on corrections being possible. The market does not and cannot always go up.
2. Depending on where you are in your investing journey, now might be a good time to buy.
3. Think carefully before getting out of the market if you are a steady investor. Times like this come and go.
4. We call this a correction. Remember in school when the teacher “corrected” your paper? It’s ironic, but we view market corrections as a bad thing – and it’s a loss in a way – but maybe it’s just the market correcting itself – i.e., becoming more correct.

Something to think about.

We as investors are not in control of world events. It’s very hard to predict what will happen with certainty.

Should you buy when the DOW dips based on the bad news of the day? Depending on where you in your financial journey, it’s not bad to buy on the dip. But that can’t be a strategy long term for most people.

The same principles apply as always: diversify, know your risk tolerance and your time frame, and don’t take sudden actions based on political events.

You never know what a day may bring. Many people who watch the political scene thought the Supreme Court could invalidate some of the import tariffs we have seen.

Here are some takeaways:

1. We do have balance of power.
2. It takes time but the process does work.
3. Business responds to predictability.

We’ll see what Monday brings, but for today it looks like a good sign. Our system is built so that power is not centralized in one office.

Do you know what I like about investing? Some people like math, but I don’t. Others like studying personal finance concepts and strategies, and I don’t mind that. But after a little while I get bored.

The most fun thing in personal finance is getting a statement from your mutual fund company with more shares through dividends. Then you update your spreadsheet with the new totals.

That’s maybe 15 minutes a year.

But it makes it all worthwhile.

Should you pull some money out of technology stocks and choose a more conservative option? We don’t give advice like that, but the answer is that it depends.

What matters is where you are in your investing journey and how comfortable you are with risk.

Again – and we feel that is like a mantra for us – for most working people the best option is to create a plan and stick to it.

There really is no way to predict what will happen in the short run.

We don’t comment on politics, but it’s impossible not to note the changing times. When financial stability seems out of reach for a large group of people for a long time, maybe there is a reason to try something new.

Most likely all the scary things won’t happen, but some things will gradually change. The republic has weathered change before.