Viking Magazine - February 2011 - 26

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Solutions for you + your family
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P
erhaps it came in the form
of a dismal investment
statement or low real
estate appraisal. Maybe you read
of the sudden drop of your stock
in the newspaper. No matter how
bad financial news arrives, it's
tough to absorb.
In this roller-coaster economy,
you aren't alone in seeing the
value of your assets plummet. But
rather than wallow in your loss,
financial experts say it's important
to assess the damage and move
forward. How you respond and
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prepare yourself for the next possible
bump in the road is crucial
to your financial well-being.
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" The worst thing you can do in
a crisis is to panic, " says Tom
Pemberton, a financial planner
in Charlotte, N.C. If you liquidate
all your stocks right after
a downturn in the market, then
you miss out on the opportunity
to earn it back in a recovery. If
you've prepared adequately and
taken on the right level of risk,
you should be able to ride out a
loss, says Pemberton.
It's also important to keep
perspective and take a long-term
view. There is no going back to
change your loss, but you can do
some planning to move forward
in the right direction.
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After a big financial loss, review
your assets and make a net
worth statement. Examine your
cash flow and look at your exhdchd[cdglVn#Xdb

Viking Magazine - February 2011

Table of Contents for the Digital Edition of Viking Magazine - February 2011

Contents
Viking Magazine - February 2011 - Cover1
Viking Magazine - February 2011 - Cover2
Viking Magazine - February 2011 - Contents
Viking Magazine - February 2011 - 4
Viking Magazine - February 2011 - 5
Viking Magazine - February 2011 - 6
Viking Magazine - February 2011 - 7
Viking Magazine - February 2011 - 8
Viking Magazine - February 2011 - 9
Viking Magazine - February 2011 - 10
Viking Magazine - February 2011 - 11
Viking Magazine - February 2011 - 12
Viking Magazine - February 2011 - 13
Viking Magazine - February 2011 - 14
Viking Magazine - February 2011 - 15
Viking Magazine - February 2011 - 16
Viking Magazine - February 2011 - 17
Viking Magazine - February 2011 - 18
Viking Magazine - February 2011 - 19
Viking Magazine - February 2011 - 20
Viking Magazine - February 2011 - 21
Viking Magazine - February 2011 - 22
Viking Magazine - February 2011 - 23
Viking Magazine - February 2011 - 24
Viking Magazine - February 2011 - 25
Viking Magazine - February 2011 - 26
Viking Magazine - February 2011 - 27
Viking Magazine - February 2011 - 28
Viking Magazine - February 2011 - 29
Viking Magazine - February 2011 - 30
Viking Magazine - February 2011 - 31
Viking Magazine - February 2011 - 32
Viking Magazine - February 2011 - 33
Viking Magazine - February 2011 - 34
Viking Magazine - February 2011 - 35
Viking Magazine - February 2011 - 36
Viking Magazine - February 2011 - 37
Viking Magazine - February 2011 - 38
Viking Magazine - February 2011 - 39
Viking Magazine - February 2011 - 40
Viking Magazine - February 2011 - 41
Viking Magazine - February 2011 - 42
Viking Magazine - February 2011 - 43
Viking Magazine - February 2011 - 44
Viking Magazine - February 2011 - 45
Viking Magazine - February 2011 - 46
Viking Magazine - February 2011 - Cover3
Viking Magazine - February 2011 - Cover4
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