Monday, August 24, 2015

Keep This In Mind Before You Jump Off The Ledge



Stay calm, don't panic, if you didn't have a plan coming into this carnage then there is nothing you can do now to change what just happened. Stay away from all the fear mongers, or that this is 1987 all over again, etc.  In 1987, the market was down 24% in one day, we are down 3.5% as I write this. Stocks returned over 400% in the 80's all people talk about is 1987, hat tip, Ben Carlson.

When you look back at all the previous corrections you can focus on what happened when the correction was occurring, the few painful days/months or what happened years later, don't be short sighted. Take this correction as an opportunity to get a plan together for the future.  There are no fool-proof investing plans; you will encounter good times and bad times.

Here are some posts that will help you get through this period;

History Of Crashes

Don't Try To Avoid The Unavoidable

8 Soft Facts About Shorting

fzorrilla@zorcapital.com   @Zortrades

1 comment:

  1. Get Packers and Movers Jaipur List of Top Reliable, 100% Affordable, Verified and Secured Service Provider. Get Free ###Packers and Movers Jaipur Price Quotation instantly and Save Cost and Time. Packers and Movers Jaipur ✔✔✔Reviews and Compare Charges for household Shifting, Home/Office Relocation, ***Car Transportation, Pet Relocation, Bike SHifting @ Packers And Movers Jaipur

    ReplyDelete