JW's Financial Coaching Podcast Lesson #97-How to ride the stock market roller coaster
The chart above is the performance of the Dow Jones Index the past 6 months. After a nice buildup in the last part of 2015, we’ve definitely hit a dip to start off 2016. So it’s not just you who have experienced a dip. It’s ALL of us, including myself.
Investing in the stock market is like riding a roller coaster. It always has its ups and downs; it’s rarely ever flat. It’s fun while the market is riding an upswing and you can see your balance grow. But it can be pure terror when the market dips and your balance decreases by thousands of dollars a month. It also doesn’t help when the 24 hour news cycle picks up on the dip and post headlines such as the following:
With that being said, don’t panic, don’t sell off your investments, and don’t stop contributing to your retirement accounts. Turn off the TV, stop reading Yahoo Finance, and don’t check your balance every day. Below are a few things to remember while riding down the stock market roller coaster.
Below are other materials I've written or talked about on the podcast on the topic of investing
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