Don't panic during market downturns from "summary" of The Bogleheads' Guide to Investing by Taylor Larimore,Mel Lindauer,Michael LeBoeuf
When the market is going down, it's easy to let fear take over. Your investments may be losing value, and it can be tempting to sell everything and cut your losses. But this is the exact opposite of what you should do. In fact, it's one of the worst things you can do. Market downturns are a normal part of investing. They happen from time to time, and they're usually followed by a recovery. Selling during a downturn locks in your losses and prevents you from benefiting from the eventual rebound. It's important to remember that investing is a long-term game. You should be thinking in terms of years or decades, not days or weeks. While it can be hard to see your portfolio decline in the short term, it's essential to keep your eye on the bigger picture. Historically, the stock market has always recovered from downturns and gone on to reach new highs. By staying invested and staying the course,...
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