After today’s additional declines of more than 500 points in the Dow, 2.08% in the S&P and 2.27% in the NASDAQ plus the news that we’re on pace for the worst December in the markets since The Great Depression (yes, THAT Great Depression), it can be hard to breathe.
This is a good time to read a great article on CNBC about the worst mistake investors are making right now.
*SPOILER ALERT!*
“Stop checking your account so frequently!”
We’ve mentioned it before, but this rule bears repeating. If you can’t handle the volatility or look at it as if you can pick up some great deals, stop looking.
Go outside. Kiss your spouse or your pet (or both). Have some fun. Do something else.
Remember, this too will pass (perhaps sooner than later).
Source: This is the mistake you’re most likely to make during market volatility (CNBC)
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Disclaimer: Eric “Irk” Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes. As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others. As an individual, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.
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