PRISM: Prioritizing Your Goals

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?    

1. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 

1. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

1. Evaluating this information now has shown me that I may need to take more risk in the future. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?    

1. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 

1. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

1. Evaluating this information now has shown me that I may need to take more risk in the future. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?    

1. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 

1. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

1. Evaluating this information now has shown me that I may need to take more risk in the future. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?    

1. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 

1. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

1. Evaluating this information now has shown me that I may need to take more risk in the future. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?    

1. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 

1. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

1. Evaluating this information now has shown me that I may need to take more risk in the future. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?  
2. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 
2. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?  
2. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 
2. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would? 

Until the recession of 2007-2009 I made no adjustments to my allocations.  I basically just kept a 75%/25% stock to cash/bonds for years in my retirement funds.  I did react fearfully twice during 2007-2009.  I finally panicked after losing a large portion of my stock portfolio and moved my allocation to 50%/50%.  A few months later I panicked again because I had so little money invested in stocks. So I moved my position back to 75%/25%.  I am glad I did that but I still don't like the fact that I didn't make the decisions based on anything other than fear.  

All in all, I think I've moved my money around too much lately.  I think this is due to the fact I now have a lot more time on my hands, but more importantly I don't have a good asset allocation plan now that I'm retired.  And that's why I am here.

    2. Have you evaluated your tolerance for risk before?  Yes.  I've done the normal stuff.  I determined my risk tolerance based on time to retirement and steadfastness during market swings.  I have pretty much been high moderate to aggressive up until this point.  I also suspect I will be  aggressive for a Retiree although not as aggressive as I have been up until now.

If I am being honest I seem to stick to my plan for a good while, not letting the daily news move me in any direction, until one day I act on impulse. That's where I need and want to improve.  

Reflect 

During the first lesson of Step 2 of the PRISM Academy, we want you to reflect on how you have reacted to market volatility, especially downside volatility. Think about how you've previously reacted to market drops. Did you find yourself wanting to reduce your exposure to stocks or increase it? It's important to consider this as we progress into the next chapter of the PRISM Academy. 

Engage 

In the comments, we encourage our members to answer two questions: 

1. How have your reacted to past stock market corrections and bear markets? Did you find yourself being more fearful, steadfast or greedy than you thought you would?  
2. Have you evaluated your tolerance for risk before? If so, how? (Ex: what questions did you consider to determine how much risk you could potentially take.) 

Example:  

1. In the past, I've taken risk tolerance questionnaires provided by my brokerage firm. I've found that I have a rather conservative risk tolerance because I am mainly take a "buy-and-hold" approach with a focus on saving for long-term goals such as retirement and elderly care for my parents. 
2. I took a look at my goals, current assets, the duration of my objectives and need for income, along with thinking about my comfort level of weathering the ebs and flows of the market. 

Remember to complete any outstanding lessons in Step 1 to be awarded a badge (these will be important as we progress to future Steps of the PRISM Academy). Additionally, please watch the Lesson 1 video and participate in the activity.