Warren Buffett, Jack Bogle and financial planners agree: When stocks are down, 'don't watch the market closely'

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Warren Buffett, Jack Bogle and financial planners agree: When stocks are down, 'don't watch the market closely.' (via CNBCMakeIt)

Like Buffett, the late legendary investor Jack Bogle also recommended a buy-and-hold strategy. He previously told CNBC that buying stocks and holding them was the best way to invest because "your emotions will defeat you totally" if you try to sell your holdings to avoid losses and get back in afterwards.. "Don't let these changes in the market, even the big ones [like the financial crisis] … change your mind and never, never, never be in or out of the market.

For most investors, trying to react to market trends is likely to backfire, financial experts tell CNBC Make It. It's better to wait out the market's ups and downs. If you miss the recovery, there's a very, very good chance you're going to make it harder to hit your financial goals."If you've got a diversified portfolio, if you're just buying some [index funds] and you've got a long enough time horizon, it might be best just to ride these roller coasters," says Ashton Lawrence, a certified financial planner and partner atInvestors who sell when markets are down may actually end up derailing their long term plans, says Sean M.

"I've been a professional investor for over 20 years, I haven't logged into my 401 site since the beginning of this [slide]," he says. "For a lot of people, not looking at this might be the best way to kind of help them sleep at night."

 

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MakeIt And buffet & gates hope the huge nuclear power plant in Wyoming isn't watched closely & shut down by smart Republicans, before it's even built..

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