The Dow is at an all-time high, but what does that mean for you?
An expert we talked with says quite simply, for the average investor this means nothing because emotions should never impact your financial decisions.
The Dow Jones is at a historical high, but as ISI Financial Group Owner Tim Decker explains, that's if you don't count inflation.
“When you account for inflation, you look at real returns, we definitely made history where Dow is at right now,” Tim Decker stated.
So what's an investor to do? Perhaps the best thing to do is nothing.
“Actually means nothing for individual investors, the reason why ones portfolio should not be adjusted day-to-day or year-to-year highs or lows are,” Decker continued.
The numbers will rise and fall, and while this high is certainly making up for the markets lows, Decker reminds people to not let their emotions play a role when it comes to their financial safe keeping. He gives the same advice now he gave when the Dow tanked in March of 2009.
“Have a plan anticipating, stick to plan and have a process that protects you from your own emotions which is fear and greed,” Decker concluded.
The Dow ended at a record high again on Friday, finishing up at 14,397, which is up over 65 dollars from Thursday.
