‘Don't panic' amid stock market volatility, advisor says. Here's why staying invested pays off

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Amid stock market volatility, it’s critical to avoid emotional moves that could stunt long-term portfolio growth, financial experts say. Here’s what…

Amid stock market volatility, it's critical to avoid emotional moves that could stunt long-term portfolio growth, financial experts say.

"Don't panic and make some crazy rash decision that veers away from your game plan," warned certified financial planner Lee Baker, owner of Apex Financial Services.earlier Monday fell by more than 1,200 points but recovered slightly to 1,032 points, or 2.6% down, by about 3 p.m. ET. Meanwhile, the31-year-old Harvard grad just won a gold medal for the U.S.

Ultimately, staying invested pays off long-term because"it's a loser's game" to try and time the market, Baker said.During periods of market volatility, it's important to focus on what you can control, rather than broader economic uncertainty, said, a CFP and president of Bone Fide Wealth in New York, who is also part of CNBC's Financial Advisor Council.or provide funds to"take advantage of opportunities," he said.

 

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