With the stock market fluctuating wildly, it’s easy to panic. Who likes seeing their net worth drop by thousands in a single day? Yet some investors manage to remain relatively calm even in these turbulent times. What are their secrets?
An article on DailyFinance.com lists several, including taking a long-term view with your investments and sticking to a financial strategy. “Amid the screaming headlines and hysterical television coverage of the stock market over the last few days, we found investors who ignored the chaos…[and] didn’t panic and sell,” the article says. Good advice – but hard to follow when your savings are evaporating.