It’s natural to take in a steady diet of news, especially in this day and age. But right now, it feels we’re being force–fed like geese headed for foie gras.
Managing your news intake is one thing, but what’s the best perspective to take when facing down another dreadful news cycle?
Here’s how I manage it, and what I recommend:
- Review all the facts objectively.
- Pause, reflect, and consider emotions.
- Just as you know to diversify your investments, diversify your news sources as well—especially when you’re considering your investment strategy.
And bear in mind:
- The majority of your lifetime investment returns will be determined by decisions that take place during a small minority of the time – like now.
- Now is the time to position your portfolio for a future recovery, NOT to create a portfolio that you wish you had when this all started.
- Do everything possible to use the cash that you have available to fund current expenses and avoid liquidating any securities at current market levels.
- Contact us now if your needs for cash have changed as a result of this sell-off. We can always help, but it’s not an optimal time to raise cash if you can wait.
Look across the valley, and towards the next peak – there may be low visibility, and it is hard to be sure it’s there, but it is.
Keep looking forward,
What’s Next? Yesterday’s Post:
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