News and Commentary

Investing is no Place for Emotions and Knee-Jerk Reactions By Scott Montgomery, CLU, ChFC

The equity markets provide investors with opportunities to build wealth, but not without risks. Before putting any money into the public markets or any investment vehicles, you should take the time to consider your long-term goals, risk tolerance and time horizon. When these factors are accounted for in a well-thought-out strategy, you may be better prepared to ride out market swings and avoid the potentially devastating consequences of making emotionally charged financial decisions.

The problem with these knee-jerk reactions is that they are based on emotions rather than facts. They represent fears, anxiety, greed, overconfidence and/or desires rather than goals. Successful investors, however, understand that the movement of the markets is based on long term historic trends and short-term influences. They are practiced in the art of self-control and keeping their eyes on their long-term investment and retirement-savings plans. When market losses mount, they do not cash out. Rather, they understand that those short-term losses are only on paper, and, depending on the assets in their portfolios and their time horizons, they view those market dips as an opportunity to buy.

Sticking to a long-term investment strategy is not easy, especially amid changing economic factors and wide market swings. However, maintaining diligence and staying on course may be best accomplished with the support and insight of experienced financial advisors. They understand the importance of a diversified investment portfolio that meets an individual’s goals and time horizons and that may help reduce the impact of market volatility.

The professionals with Provenance Wealth Advisors work with individual investors, families and businesses to navigate through complex risks in order to build and preserve wealth for multiple generations.

About the Author: Scott Montgomery, CLU, ChFC is a director with Provenance Wealth Advisors, an Independent Registered Investment Advisor affiliated with Berkowitz Pollack Brant Advisors +
CPAs, and a registered representative with Raymond James Financial Services. For more information, call (954) 712-8888 or email

Provenance Wealth Advisors (PWA), 515 E. Las Olas Blvd., Ft. Lauderdale, FL 33301 (954) 712-8888.

Scott Montgomery, CLU, ChFC is a registered representative of and offers securities through Raymond James Financial Services, Inc., Member FINRA/SIPC.

Raymond James is not affiliated with and does not endorse the opinions or services of Berkowitz Pollack Brant Advisors + CPAs. PWA is not a registered broker/deal and is independent of Raymond James Financial Services. Investment Advisory Services offered through Raymond James Financial Services Advisors, Inc., and Provenance Wealth Advisors.

This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of the advisors of PWA and not necessarily those of Raymond James. The information contained in this report does not claim to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. You should discuss any tax or legal matters with the appropriate professional. Prior to making any investment decision, please consult with your financial advisor about your individual situation.

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Posted on October 20, 2022