There is absolutely no sympathy in the stock market. If you need sympathy you will have to look elsewhere.
A healthy dose of pessimism should be part of any good investors DNA. How do you ask difficult questions if you are an out-an-out optimist? Sometimes, smiles just aren't what the situation demands. Yet in recent years it feels like we've all been ordered to "think positive" by an army of experts.
The stock market's sudden downturn over the last few months has left investors asking a disturbingly familiar question: What should I do now? The latest woes have left millions of small investors feeling more confused than ever. The volatility has triggered frantic calls from small investors who are desperate for guidance.
Brokerage firms have posted a variety of financial advice on their websites with titles such as "Don't Let Fear Disrupt Your Investing." Indeed, the best advice for most investors is to coolly assess your portfolio and financial goals — and, above all else, avoid knee-jerk responses that you might regret later.
'Panic is not a strategy,'"People should make sure they have well-thought-out investment plans based on factors such as age, income level and future financial needs.
There’s a rule of thumb or two about investing. One of those guidelines says that any money you will need within the next two to five years (give or take a year or so) should not be invested. There is something else to consider: your risk tolerance. “Can you still sleep at night after putting your valuable money into the market?” about How well are you sleeping these days? Does concern over how to save or invest your money keep you up at night?
Take care and all the best!