Advice After Stock Market Drop: Take Some Deep Breaths, and Don’t Do a Thing

NYT investing columnist Ron Lieber:

Nobody knows for sure whether we’re in for a decline in the stock market of 25 percent or more. But if such a decline does happen and you are a regular investor, you’ll be buying more when prices are lower.

Which brings us to point No. 4: Long-term investors have time to recover. I know too many 70-year-olds who sold all of their stocks in 2009 and are healthy enough to live to 100. They’d be going on a lot more vacations now and be worrying less about long-term care if they had held firm.

Buy low, sell high.

★ Monday, 24 August 2015