Christopher Lazos, Managing Director – Investments at Oppenheimer & Co. Inc., shares his expert advice on building a resilient investment strategy that can withstand market fluctuations and drive long-term success. Drawing on his extensive experience in the financial industry, Lazos offers key insights into creating a robust investment approach.
Define Clear Investment Goals
Lazos emphasizes the importance of defining clear and specific investment goals. Whether you’re saving for retirement, funding education, or building wealth, having well-defined objectives helps guide your investment decisions and strategy. By setting measurable goals, you can create a focused plan that aligns with your financial aspirations.
Adopt a Long-Term Perspective
According to Lazos, adopting a long-term perspective is crucial for building resilience in your investment strategy. While short-term market volatility can be unsettling, maintaining a focus on long-term objectives allows you to navigate temporary fluctuations without deviating from your plan. Lazos encourages investors to stay committed to their strategy and avoid making hasty decisions based on market noise.
Regularly Rebalance Your Portfolio
The experienced professional advises investors to regularly rebalance their portfolios to maintain their desired asset allocation. Over time, market movements can cause your portfolio to drift from its intended balance, potentially increasing risk or affecting returns. By periodically reviewing and adjusting your portfolio, you can ensure it remains aligned with your investment goals and risk tolerance.
Implement a Strategic Asset Allocation
A well-thought-out asset allocation is a key component of a resilient investment strategy, according to Lazos. Diversifying across various asset classes—such as equities, fixed income, and alternative investments—helps spread risk and enhance the potential for returns. Lazos recommends a strategic allocation tailored to your risk tolerance, time horizon, and financial goals.
Prepare for Market Volatility
Lazos underscores the importance of preparing for market volatility as part of your investment strategy. Incorporating defensive assets or cash reserves can provide stability during turbulent periods and prevent the need to sell investments at inopportune times. Lazos advises investors to have a plan in place for managing volatility and to stay disciplined during market downturns.
Seek Continuous Education and Adaptation
Christopher Lazos advocates for continuous education and adaptation in investing. Staying informed about market trends, economic developments, and new investment opportunities allows you to make well-informed decisions and adjust your strategy as needed. Lazos encourages investors to seek out resources, attend educational events, and stay engaged with industry developments.
Consult with Financial Professionals
Lazos also highlights the value of consulting with financial professionals to enhance your investment strategy. Professional advisors can provide personalized guidance, offer insights based on market analysis, and help you implement a strategy that aligns with your financial goals. Christopher Lazos recommends leveraging professional expertise to strengthen your investment approach and achieve better outcomes.
By following Christopher Lazos’s advice on building a resilient investment strategy, you can create a robust plan that withstands market fluctuations, aligns with your financial goals, and supports long-term success.