Don’t Panic When Stocks Get Slammed

#Currentlyz -

  • 1

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.
ยป Subscribe to CNBC:

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Google+:
Follow CNBC News on Instagram:


Don’t Panic When Stocks Get Slammed | CNBC

#Currentlyz -

  • 1