3 Things the Smartest Investors Do When the Market Is Crazy
With inflation running high and the global economy in disarray, it doesn't exactly seem like a great time to be investing in stocks. After all, the market has already lost almost 14% of its value this year, and its near-term future is extremely uncertain.
But if there's one thing that the smartest investors know, it's that craziness in the market isn't an excuse to sit on the sidelines. For them, it's a call to take calculated actions to support their portfolio's value in the long term. In particular, there are three things they'll be doing right now and in the coming months to make sure they come out on top.
Perhaps the most important thing that the smartest investors do that average investors often don't is that they keep their wits about them when their positions aren't going their way. It's easy to say that people shouldn't panic sell, but, when you're faced with your hard-earned money trickling away, it's also quite easy to get rattled. And once that happens, they tend to start thinking about selling their shares, even when it'd be at a loss, and even when the losses might go the way of the dodo with enough patience.
Source Fool.com
