US equities (^GSPC, ^DJI, ^IXIC) are recovering from a major sell-off, with the Dow Jones Industrial Average closing down more than 1,000 points on Monday.
Gradient Investments senior portfolio manager Jeremy Bryan joins Wealth! to give insight to investors on how to manage their portfolios during a downturn in the broader market.
"I think the biggest thing is understand your level of risk and what you’re trying to accomplish. When you see big rallies like we’ve seen over the past six, eight, nine months, a lot of people can get away from what their natural investment plan is and start to chase returns because everything looks like it’s going up," says Bryan
He affirms: "I think when you have things like this, it’s a natural component to obviously be concerned, but secondarily to just take a breath and understand where you are from a risk objective."
He also advises: "Markets are above their five and ten year average valuations. So it’s not like this correction has created an ultra-cheap market. So really you do have to kind of pick and choose your battles. And you have to understand where you think opportunity is."
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