Don’t Panic: Some Questions Are More Important Than Others
We can argue over 70% or 80% stocks, but I have a more important question: will you panic during the next (very real) market crash?
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
We can argue over 70% or 80% stocks, but I have a more important question: will you panic during the next (very real) market crash?
I care about long periods and large compounded returns over those periods. The odds are clearly in the investor’s favor when looking at those time scales.
We should be just as respectful of the omnipresent risks today as we would be during the middle of a stock market correction or even at the bottom of a market crash.
“You can’t see the picture if you’re standing inside the frame.” Well – how well do you know your frame?!
How do we get our finances right? Let’s think of the WORST financial life possible, and then “invert, always invert.”
I hear the stock market is having a hiccup? Here are all the reasons I’m staying cool right now.