How do I deal with constant volatility? .BSLFUTXJMMBMXBZTŗVDUVBUF#VUXIBUFWFSXBZUIFZNPWF BDPNQSFIFOTJWFŖOBODJBMQMBOJTPOFPGUIFCFTU TUSBUFHJFTUPTUBZPOUSBDLUPXBSEZPVSHPBMT:PVS6#4'JOBODJBM"EWJTPSNPOJUPSTUIFDVSSFOUFOWJSPONFOUBOEXJMM XPSLXJUIZPVUPFOTVSFZPVSQMBOBOEZPVSQPSUGPMJPSFŗFDUDIBOHJOHDPOEJUJPOT7PMBUJMJUZNBZCFVOTFUUMJOH CVU XJUIBMPOHUFSNQMBOJOQMBDF ZPVDBOGFFMNPSFDPOŖEFOUBCPVUUIFGVUVSF 'PSTPNFPGMJGFÁTRVFTUJPOT ZPVÁSFOPUBMPOF5PHFUIFSXFDBOŖOEBOBOTXFS Paul A. Toby 4FOJPS7JDF1SFTJEFOU¾8FBMUI.BOBHFNFOU QBVMUPCZ!VCTDPN Paul J. Monacelli 4FOJPS7JDF1SFTJEFOU¾8FBMUI.BOBHFNFOU QBVMNPOBDFMMJ!VCTDPN STM Wealth Management Group UBS Financial Services Inc. 8FTU#JH#FBWFS3PBE 4VJUF 5SPZ .* GBY ubs.com/team/stmwmgroup "TBŖSNQSPWJEJOHXFBMUINBOBHFNFOUTFSWJDFTUPDMJFOUT 6#4'JOBODJBM4FSWJDFT*ODPšFSTCPUIJOWFTUNFOUBEWJTPSZTFSWJDFTBOECSPLFSBHFTFSWJDFT*OWFTUNFOUBEWJTPSZTFSWJDFTBOECSPLFSBHF TFSWJDFTBSFTFQBSBUFBOEEJTUJODU EJšFSJONBUFSJBMXBZTBOEBSFHPWFSOFECZEJšFSFOUMBXTBOETFQBSBUFBSSBOHFNFOUT*UJTJNQPSUBOUUIBUDMJFOUTVOEFSTUBOEUIFXBZTJOXIJDIXFDPOEVDU CVTJOFTTBOEUIBUUIFZDBSFGVMMZSFBEUIFBHSFFNFOUTBOEEJTDMPTVSFTUIBUXFQSPWJEFUPUIFNBCPVUUIFQSPEVDUTPSTFSWJDFTXFPšFS'PSNPSFJOGPSNBUJPOWJTJUPVSXFCTJUFBUubs.com/work- ingwithush6#4"MMSJHIUTSFTFSWFE6#4'JOBODJBM4FSWJDFT*ODJTBTVCTJEJBSZPG6#4"(.FNCFS'*/3"4*1$ $+6#4 jn October 18 • 2018 27