Wednesday 15 August 2012

Don't panic more than you have to. Look at the return over years rather than days.

Don't panic more than you have to.  Decide measurable standards for what events are a concern, a worry and a big problem, and what you'll do when they happen.

If the value of your pension drops in a stock-market dip, for example, the best advice is often to do nothing, wait for a recovery and look at the return over years rather than days.

No comments: