Don’t Panic When Stocks Get Slammed

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Date: 2018-10-12 17:47:51

Stocks rallied Friday, helping to erase some of the losses. While there’s no guarantee there won’t be some more substantial declines in the days ahead, it’s always best for long-term investo

As noted in my book “The 30-Minute Millionaire,” many investors panic and sell out of the stock market at the wrong time. This is a function of irrational investment decisions based on emotion.

Some basics to consider at times like these: Are fundamentals strong? What is the outlook for corporate earnings? How is the economy behaving? Where are interest rates?

It may well be that a look at your portfolio could show that your asset allocation has gotten out of whack. There’s nothing wrong with rebalancing and bringing your investments back into line with your long-term goals.

But basing those decisions on emotion and over what has happened over the course of a few days doesn’t make sense for those in for the long haul.
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Don’t Panic When Stocks Get Slammed | CNBC

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