Maintaining Discipline When Facing Financial Trouble

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Certified Financial  Planner, Kimberly Foss, has some tips and reasons why one should be calm in the face of financial trouble.

  1. 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.
  2. 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.
  3. Base your investment strategy on based in noble prize winning academic excellence -- the stuff that has withstood the embattled tests of time.