Quote Of The Week: “This Is Just What Markets Do”

new york times

Illustration: New York Times

New to the market and freaked out by recent events? Take a deep breathe. Read this.

“Dear New Investors: This Is Just What Markets Do”

“There is absolutely nothing abnormal about what is going on here. Most of us have to save somewhere, and history suggests that stocks are the most accessible route to getting the returns you will need to retire someday.”

“The impulse when the stock market falls hard for a few days in a row is to do something. Anything. Our life savings are often on the line, after all. But that’s the idea: Stocks are most useful for long-term goals. So unless those goals have changed in the last few days, it probably doesn’t make much sense to overhaul an investment strategy based on a blip of market activity.”

New York Times, Your Money Column, “6 Tips for Investors When the Stock Market Tumbles,” December 7, 2015

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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