Is the Stock Market a House of Cards?

The stock market volatility we’ve been experiencing and the apparent disconnect with the broader economy have some investors wondering just that. But what investors really need right now is discipline.

Man building a house of cards
(Image credit: Getty Images)

I went for a run this weekend. And a yoga session. And a bike ride. After spending my entire 45 years of adulthood being steadfast in my exercise regimen, I spent the last five months forgetting all of it, and I had gotten soft. Very soft. If someone would poke me — mercifully unlikely in these socially distanced times — I’d squeal like the Pillsbury Doughboy. Now I'm committed to getting back on that horse and sticking with it.

Investing can be similar to exercise in that both demand rigor and discipline. We can lose our way in investing — no different than diet and exercise.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Jamie Letcher, CRPC®
Financial Adviser, LPL

Jamie Letcher is a Financial Adviser with LPL Financial, located at Summit Credit Union in Madison, Wis. Summit Credit Union is a $5 billion CU serving 176,000 members. Letcher helps members work toward achieving their financial goals and through a process that begins with a “get-to-know-you” meeting and ends with a collaborative plan, complete with action steps. He is a member of FINRA/SIPC, a registered broker-dealer and investment adviser.