The market experienced its worst day since June 2020 on Tuesday, in response to higher-than-expected inflation numbers.
Seasoned financial experts, experienced in navigating up-and-down market cycles, offer caution and advice.
It hasn’t been a good week for the stock market.
The decline in the market is unsettling and often leads to panic.
But bear markets are also normal.
I spoke to five experts to get their best advice and weigh in on the current market sell-off.
Here’s what they said.
Stay the course.
His biggest reminder to help us navigate volatility is that “this too shall pass.”
Don’t take a stab at time the market.
Having worked through multiple market cycles, he cautions against waiting for the “best time” to invest.
Success is less abouttiming the marketand more about your timein the market.
“There are no deadlines in investing,” Seessel writes in his book.
“Urgency … induces poor decisions.
Good investors show up at their desks every morning with the goal of slowly advancing their understanding.”
“If you think yes, then you oughta own a piece of that action.”
Market keeping you up?
It may be worth reviewing your level of exposure to stocks with the help of a financial professional.
“Overconfidence is detrimental.
It is the original investor’s sin,” she said on theSo Moneypodcast.
It never happens in a straight line.
Instead, sticking with a few simple principles is the key to long-term market success.
Sethi’s advice stems from his own personal experience – losing money in the market after picking individual stocks.
The best scholarship I got was an award for $2,000.
The organization wrote a check directly to me.
I took it and invested in the stock market and immediately lost half my money," he wrote.
“It taught me I wasn’t as smart as I thought I was.
