Rising concerns about the possibility of a recession, coupled with more headlines announcing layoffs has only further heightened investor anxiety. It is important for investors not to make emotional decisions out of fear during periods of market volatility." So says Mike Bisaro, who joined SEC Registered Investment Advisory firm StraightLine in 2004 as a financial advisor and has since held various roles, including overseeing educational programs and investment management for higher education and corporate clients. He has presented extensively on fiduciary obligations, financial planning, and investment management to diverse audiences nationwide. In February 2020, Mike and his wife Elizabeth purchased StraightLine, adding the roles of President and CEO to his ongoing advisory work. He holds the Accredited Investment Fiduciary™ designation and has been recognized as a "Five Star Wealth Manager" for 13 consecutive years. He has also contributed to CNBC.com, appeared on NBC’s The Today Show, and serves on the advisory board of the Registered Investment Advisory Institute. Prior to StraightLine, he was a financial consultant at Wachovia Securities and graduated valedictorian from New Mexico State University with degrees in Finance and Marketing. In speaking about the current economic landscape, Bisaro adds: "In almost all cases, assets invested for the long-term should stay invested. History has shown us that missing a few of the best-performing days when the market recovers can significantly reduce your long-term performance. Ensuring you have a properly diversified portfolio may help reduce risk, smooth out performance, and allow you to stay invested and take advantage of developing opportunities. For example, as stated earlier, market performance has been dominated by US stocks, particularly the Magnificent Seven, so having a broader and more globally focused allocation over a U.S.-centric allocation could be beneficial over the coming years. Also, despite the seeming inevitability of the tariffs that seem to be shaking markets so violently, there are still serious questions about how – or even if – these policies will be implemented as they are currently being discussed. In just the past few months, the President has shown his willingness to negotiate on tariffs, and he has already signaled that he is open to future deals that could alter or even eliminate tariffs in certain situations. In short, “market volatility” does not just mean “the market drops”. We believe that policy changes must still be considered as a possibility, and quick rebounds can and do happen during volatile times." Wondering what Bisaro might have said on The Today Show? Check out this video interview where he recaps his thoughts on cryptocurrency and other speculative investments.
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