While bad days in the market can induce fears, it's important to stick to your long-term financial goals and continue to invest, experts say.
While market declines during a sell-off can induce fears, experts say it's important you don't stray from your retirement goals.
"What would you buy that you know that your household would need for the future?" she said. "That could be like paper towels, it could be toilet paper, it could be things that you know that you're going to need long term."Why it's important to stay invested when the stock market drops"When the stock market pulls back at these levels, these are great opportunities to invest in core names or a quality portfolio that you always wanted," she said.
"Turning off your retirement contributions is really not the way to go, especially when the market gets volatile," said Clifford Cornell, certified financial planner and associate financial advisor at Bone Fide Wealth in New York City.In fact, stocks picked up on Tuesday: The Dow was up 1.45% shortly before close, while the Nasdaq and S&P were up 1.84, and 1.83%, respectively.
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