What do you do when the market has more stomach-churning dips than a roller coaster? Like now!
Obey the rule of the roller coaster: You only get hurt when you jump off. Same with the market. You only lose money when you sell.
So what do you do when the market plunges? Follow the sage advice from investment firm, Ellevest, in their newsletter What the Elle.
As Sylvia Kwan, Ellevest’s Chief Investment Officer, explains: “Over the past 93 years, the stock market has gone up by an average of nearly 10 percent a year. But it didn’t go straight up!”
Indeed, markets always do what markets do: bounce around wildly. Like now.