How to Stay Calm During a Market Fluctuation - Shaun Stenning
In recent weeks, the stock market has fluctuated in response to the coronavirus outbreak. Last week was the worst for the market since the 2008 financial crisis, and this week has been a wild ride as well. And yet, experts say, you could lose out in the long run if you make rash decisions now. Shaun Stenning said, “ The last few weeks, I've been covering my eyes before I look at my investments, and only peeking through my fingers — as if I'm facing Freddy Kruger rather than a series of numbers. It doesn't help that the financial headlines are full of frightening potential futures: a possible recession, trade wars, and potential market corrections.” “It's enough to make me want to take all of my money out of my investments and put it somewhere safe, like my mattress.” “But no matter how overwhelming a market fluctuation may be, I also know that pulling my money out of the market is the worst thing I could do when my portfolio is trending downward. That's because t...