ETF Growth Strategy #4: Use Volatility to Your Advantage
Some people are intimidated by volatility in stocks and fear a correction will wipe out their gains. However, I would challenge you to look at volatility as an opportunity to reposition your portfolio for success.
Use it to your advantage by taking inventory of your positions, cost basis, and risk tolerance. Once you have identified areas of strength and weakness, you can make strategic or incremental shifts to align your portfolio with the current market themes. That may include pairing back on high beta stocks or funds and shifting to more defensive sectors.
Freeing up cash and having some dry powder on hand can be an excellent way to take advantage of new opportunities if stock prices ultimately go lower.