Volatility will always be around on Wall Street, and as you invest for the long term, you must learn to tolerate it.

Regularly, your investments contend with assorted market risks. They never go away. At times, they may seem dangerous to your net worth

It seems high time to dispel some of these misconceptions.

Your portfolio is not the market – and vice versa. Will the financial markets behave in this exact fashion next year? Will the sector returns or emerging market returns of 2018 be replicated year after year for the next 10 or 15 years?

If you are about to retire, do not dismiss this risk. If you are far from retirement, keep saving and investing knowing that the sequence of returns will have its greatest implications as you make your retirement transition.

Now is the perfect time to name your trusted contact. You want to make this decision while you are still of sound body and mind. Choose your contact wisely.