Stay On Track
It may seem like you’re taking care of your nest egg by withdrawing your money out of the stock market when downturns occur. In fact, what you’re really doing is lowering your losses by selling your stocks when their price is down instead of waiting for them to rebound.
“A well-constructed financial plan takes market gyrations into consideration,” Weber says. “If you have full faith in your plan, it becomes easy to ride through market choppiness.” Bottom line: Don’t let fear kill your investments.
