Certified Financial Planner, Kimberly Foss, has some tips and reasons why one should be calm in the face of financial trouble.
- Have an investment strategy that you can stick with! Changing your strategy in the heat of a critical encounter is more likely to end in defeat than victory.
- Tune out the trumpeting of the popular financial press. The financial press is often the long-term investor's biggest enemy. In fact, sometimes the press IS the elephant. In its efforts to sustain round-the-clock ratings, the media often has a way of converting financial fleas into seemingly elephantine crises.
- Base your investment strategy on based in noble prize winning academic excellence -- the stuff that has withstood the embattled tests of time.