Don’t Panic
If you’re taking money out of investments during a downturn, you’re not ‘saving’ money, you’re actually locking in losses. They don’t give advice like ‘buy low, sell high’ for nothing. That’s exactly what you should do, not start panicking!
It’s relatively normal for fear to set in when you invest, but if you act on it, you could end up losing far more than you’ve gained. Staying the course is as important to your financial planning as your early decision-making process.
Plus, you were well aware that changes would come, right? Remind yourself why you decided to invest in the first place and you should be fine.
