First, don't make decisions based on fear — your emotions should never drive your financial decision making
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective., and I'm advising my clients to do four things while markets plummet in response to the coronavirus pandemic.
Panic selling is happening in the financial markets, while panic buying is happening in the supermarkets. Who isn't scared of market volatility and the eventual losses? , there are five things you should do now before making any decisions.Obviously, we are human beings and emotions are part of our nature, but right now it's important to control your emotions as they relate to the stock market.
Emotional buying and selling will distract you from the strategy of building wealth. A slow-and-steady strategy will ensure that you meet your long-term financial goals.
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