Today’s market action was much worse than Friday’s (or insert a new date here), which was the worst day since early 2014.
Here are three steps you must take TODAY after the mini “crash” in stocks:
1)
2)
3)
In case you didn’t pick up on the joke, you need to do nothing, definitely nothing and especially nothing. This doesn’t change your goals, it doesn’t change the outlook for a long-term focused diversified portfolio and it certainly shouldn’t cause you to lose any sleep if you’re allocated properly.
Volatility is actually a huge relief to see right now – it’s a sign that our markets are actually functioning properly. A straight escalator higher is not healthy, nor is it normal.