IF YOU PANIC, YOU WILL LOSE!

The graph shows the price action of the U.S. stock market over the last 5 days. Almost a complete round trip! If you panicked and sold Friday or Monday, you would have doubly screwed yourself because prices bounced back!

If you invest with the long run in mind, you shouldn’t “day trade” or push the eject button when surprises happen. Most of the time, panic trading means LOSING money.

Investors woke up on Friday after the UK vote to leave Europe, and sold quickly. As they rushed for the exit, stock markets sold off heavily for a few days. Fast forward a few more days – and it’s almost like nothing happened.

To keep your cool, do NOT check the value of your retirement portfolio every day, or even every week.
Invest for the long run, you’ll make more money.