Many investors know that managing volatility is central to achieving essential financial goals. But how much should you worry about volatility, and what can you do to prepare for it? Volatility represents the ups and downs of asset prices over time. And quite often, it’s not the volatility that you should be worried about as it is periods of heightened market volatility.

What’s more, human expectations about the future tend to influence asset price movements. And it’s during periods of changing expectations and uncertainty that asset prices swing wildly. In this week’s podcast, we discuss how being aware of the narratives driving the markets and having a plan in place before they change is central to financial success. The bottom line is that if you’re unprepared for periods of heightened volatility, you might be exposing your savings to unnecessary losses.