Top 5 Tips to Help You Stay Strong During Market Volatility
When stock markets start tumbling, daily injections of bad news may sound like it will never end. It can spark anxiety, fuel uncertainty and trigger radical decisions in even the most seasoned investors. But panic isn’t a strategy. It’s important to keep perspective when markets get choppy. Here are five tips to consider when volatility strikes. 1. Don't Abandon Your Plan A sudden drop in the market can have dramatically different implications for someone just starting their career compared to someone nearing retirement. What’s important is you understand your situation and your financial plan. Connect with your financial professional to discuss your investing time frame, goals and strategy to make sure you’re still on track. 2. Stay Invested Short-term losses can trigger anxiety, but letting emotions drive your investment decisions may prove costly. One key to living with market volatility is focusing on long-term results rather than the daily bumps along the ...