In today’s market, especially the events which have occurred over the last few months, such as low oil prices and China’s currency devaluation, it seems as though these events should simply be classified as “noise” and should not deviate you from your initial financial plan. In essence, your financial plan should be geared towards long-term sustainability, not short-term fluctuations. The goal is to try your best to ignore the noise circulating the market news and stay true to your personalized financial plan.

With the recent issues circulating in China due to the devaluation of its currency, combine that with the decline in oil prices and the possibility that the U.S. Federal Reserve will eventually move to increase interest rates, the market has suddenly become volatile again. Due to these factors, it has been prompted by fear that global growth is slowing down.