- Top Features:
- War Room
- Glenn Greenwald
- Broadsheet
- Joan Walsh
- Camille Paglia
- Since You Asked
- Follow Salon:
Read other letters about this article
My prior post wasn't simply recommending a "buy and hold" approach.
Few people really know their risk tolerance without being tested in the markets.
You now have a little more self knowledge and what you learned isn't comforting.
1. Don't panic.
But if you now KNOW you will panic if the market continues to decline........
2. Panic early.
That is, do whatever you need to do to avoid the possibility of selling at the absolute bottom. Don't just try to paper over your fear.
A lot of investors are having their "Come to Jesus" moments these days.
What would you do if the markets decline another 30% without a material change in fundamentals? Buy more? Sell it all? Slit your wrists?
Maybe you need to move to 1/2 stocks, 1/2 bonds to feel grounded. Or some other ratio.
The only correct
