No. No it's not. Calm down people.
Don't pull out your 401ks, don't liquidate your portfolio, Don't shit your pants. Just forget you even have it.
Take a snapshot of your porfolio, holdings, and prices. Make a theoretical note to yourself, if you want to sell do the math, and write down how much money you would be receiving right now. After taxes, fees, commissions, etc. Then, don't actually do it. Sign and date it and put the note in a drawer some where and leave it. The next dip/correction/crash pull out that note, look at how much you had back then and how much you would have lost if you pulled out. Use this note as a reminder not to do it. Put the note away and pull it out during emergencies.
If you do actually pull out, still make a note of how much you had in your porfolio. Wait 9 months, then look at the note, and see how much money you actually lost by pulling out. Write that down on the note, put away, and use as a reminder. Hell, stick it to your fridge, staple it to your forehead, idc, just don't forget about it. This is for your own good.
Submitted October 27, 2018 at 10:39AM by BeezyJ https://ift.tt/2RdP4xQ
