Stock market volatility is here

Recent stock market volatility makes many nervous, and it's likely there's more ups and downs to come.

Experts find the key to surviving market swings, is to be prepared, patient and keep perspective.

STA Wealth Management President Michael Smith said to find someone you trust and who can illustrate how they are going to manage your risks, not just when things are good.

"We also do things called stress testing our portfolios, so we've already simulated what these corrections would look like. So, that way as an investor, if we don't like the way that's going to look we make the adjustments before the corrections come," said Smith. "To survive you need to have a risk management plan put in place. Keeps you from making emotional mistakes which we're all very much subject to," said Smith.

 

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