4 Ways You Can Take Advantage of a Down Market

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By : Quick Insurance Guru

Markets are down for the year so it may seem bad news. At the moment, you may want to take some profitable steps.

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Inflation, historic rate hikes by the Fed and the threat of a recession can all weigh heavily on an investor's conscience.

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Meanwhile, uplifting news has felt pretty hard to come by lately.

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The most recent core CPI reading excluding food and energy added 6.6% year-over-year to a 40-year high, while overall CPI hit 8.2%, recording its seventh consecutive month above 8%.

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I have my playbook ready when down markets occur. 

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It's a good idea to turn stocks down, reduce tax bills and put more money into work.

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Here are some ways that you could take advantage of the opportunities at hand:

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1. Convert a Traditional IRA to a Roth IRA

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2. Do Some Tax-Loss Harvesting

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3. Slash Fees by Rotating into Lower-Cost Investments

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4. Get Off the Sidelines

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