How to panic less in the next market panic
“The rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock.” Matthew 7:24-27
Market drawdowns stir up very different emotions. Some investors get excited about the prospect of buying the dip. Others get scared into selling because they don’t want to watch the holdings in their account fall any more.
These two groups sound very different. But they share something important in common: the urge to act. To do something – anything – to feel more in control or feel like they are taking advantage of the conditions.
This probably stems from some kind of belief that “this is it”, a generational market event that you must do something about either way.
I…
