Here are 3 things to keep in mind to handle market volatility

And selling in a panic can backfire in the long-run.

"We generally say markets will go up and down many times during a person's career, so they should take a long-term approach and not react to short-term market changes," said Jeanne Thompson, senior vice president of Fidelity Workplace Consulting.In our fearful minds, the bad things that are happening at the moment can feel worse than anything that's happened before, and that things will never get better.

And between 2000 and 2002, Roth said, people believed that, "Never before have markets been so irrational with the dot-com bubble combined with such tragic and successful terrorist events on American soil."And those anxieties may be at a fever pitch this month, with the S&P 500 down more than 6% between the start of the month and Monday, according to Morningstar Direct.might not be all that effective. There's so much we don't know.

But while it's true that each downturn takes a different shape, focusing on what's been consistent throughout history may help calm you down.

On March 16 2020, the S&P 500 dropped nearly 12%, according to Morningstar Direct. Within 17 days, it had fully recovered.A portfolio with more than 70% stocks and the rest in bonds and cash took more than two years to recover from the 2007-2008 financial crisis, compared with just seven months for a portfolio with more than 70% in bonds and cash and the rest in stocks, according to calculations provided to CNBC by Charles Schwab.

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