The following is worth pondering….
Market volatility offers many opportunities – Be patient and watch for opportunities.
Too much concern over risks limits opportunities – know your priorities and take calculated risks
Volatility is a natural market condition – if you can’t act rationally, don’t get in the market
“The stock market is a device to transfer money from the impatient to the patient.” Warren Buffet
Short-term forecasts are speculations based on mathematical calculations trying to read the minds and predict the behavior of a multitude of unknown investors.
New media economists sensationalize market volatility to sell the news not put money in YOUR pocket.
Invest for abundance not greed.
Forget about timing the market – most lose more trying to time the market than weathering the correction, and they never get their time back. What is your time worth? Don’t forget that!
Fear is contagious – know what you are invested in and why!
Have courage – market corrections are steep and quick, yet ultimately growth overtakes the corrections over time.
Only you know how much volatility you can handle – communicate this with your advisor! And lastly, I thought I would close with this quote from Warren Buffet:
“We don’t have to be smarter than the rest. We have to be more disciplined than the rest.”