Understanding Financial Ups and Downs

This four minute message clip is a must view for stock market investors. A great piece of advice for understanding the value of your diversified portfolio. Learn a little about standard deviation and how it applies to successful financial planning.

The original description is as follows:

The recent media attention to the ups and downs of the stock market reminded me of a piece of advice I heard a few years ago. John Muhlenkamp, manager of the Muhlenkamp Fund, was one of the speakers at the Financial Planning Association Retreat in 2004. He suggested a simple way to reduce the overall volatility of any portfolio: Don't price it so often.

Rick Kahler, CFP, resides in Rapid City, South Dakota and is a fee-only financial planner. He is the co-author of "The Financial Wisdom of Ebenezer Scrooge" and "Conscious Finance," both available on Amazon.com. You can learn more about Rick at wwww.kahlerfinancial.com.