If you're panicking about stock market dips — or even an upcoming recession — there are a few actions you can take to quell your anxiety.
But, what if you're a child of summer — or someone who has been investing for less than a decade? What if you opened your retirement account in 2009 when the Dow Jones Industrial average dropped to a low of 6,443.27, meaning you have only watched your portfolio climb since its inception? If you're even remotely young, please trust me that these blips on the radar are going to mean almost nothing in the long-term. Why? Because, when you invest for the long-term, you should fully expect to win some and lose some as the months and years tick by. The only key to winning in the long-term is making sure you stay in the game long enough to make the most of the days when everything goes your way.
that they can stick to no matter what. Why? Because you need a plan to follow if you don't want to "wing it."
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