I don’t like to feed into the media hysteria when it comes to stock market drops. As I say repeatedly to clients, friends, in this blog, and to my cat, stock market recessions are a normal part of the economy. They last on average 12-18 months, so the pain is temporary. Drops in the stock market are buying opportunities, not signs to sell at a loss.
By the way, I’m not saying we are in a recession. You never know you’re in a recession until it’s almost over!
However, my loyal readers may be feeling uneasy, so I shouldn’t ignore your concerns, either!
I like this article from the Wall Street Journal (via www.fidelity.com) about what not to do during volatile stock markets. The five “don’ts” are:
- Don’t panic
- Don’t fixate on the news
- Don’t be complacent
- Don’t get hung up on talk of a “correction”
- Don’t think you or anyone else knows what will happen next
For more details, click through to the article: https://www.fidelity.com/insights/investing-ideas/5-things-investors-should-not-do
If these topics sound like they would be of interest to your employees, sales conference, or professional organization, contact me at 303-324-0014 or kristi@