Crystal Ball

What's the deal with this market volatility?

What's the deal with volatility?

Stock charts have been up, down and all over the map of late. But that volatility is a "tremendous" opportunity for investors who are "patient," according to Peter Mallouk, president and CIO of Creative Planning.

"When you have a market like this, we don't know — nobody knows — one quarter, one year from now what things are going to look like," he said.

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There are a lot of different asset classes to spread risk across, said Mallouk, adding that there's what he called a "hidden bear market" in the energy, small-cap U.S. stocks and emerging markets sectors.

Despite and perhaps because of recent volatility, investors must continue to focus on rebalancing their portfolios, said Diahann Lassus, president and CIO of Lassus Wherley. "It's very difficult sometimes to buy when markets are falling, but that is the best time to be buying."

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For his part, Ron Carson, founder and CEO of Carson Wealth Management Group, advises a "gut check" for client in times of market volatility. If anything has changed in the financial picture — e.g., longer or shorter working hours, inheritances received or forfeited — "we need to come in, ... rerun your numbers, making sure you're appropriately invested for what it is you're trying to accomplish," he said.

That's action investors can control, which means that "this noise and this short-term [turmoil] in the market really will have little impact," said Carson.