By Ms. Liz on Ms. Liz Money Matters
I’d love it if the market only marched up. But if it did, it probably wouldn’t be as lucrative. You see, we’re being paid for this volatility. If we want no volatility and no “risk”, then we’d have to invest in something like FDIC insured bank accounts. Things like certificates of deposit that might be keeping up with inflation. And if they don’t end up keeping up, then that risk free investment can look pretty risky over the long term.
If we want the 10%+ the stock market has returned over my investing lifetime, then we need to be able to withstand the gyrations. But just because the market is freaking out, that doesn’t mean you have to freak out too. I’m cool as a cucumber and here’s how.
I’m controlling the controllables. Just like when I’m on my bike, I can only control my speed and attitude.
So let’s start with attitude…Read On