Life Kit The markets are down. Here's how to handle your investments
8 snips
Oct 3, 2022 
Bola Shokunbi, author and founder of Clever Girl Finance, shares expert insights on navigating turbulent markets. She discusses why selling during downturns isn't a smart knee-jerk reaction. Shokunbi emphasizes the importance of a long-term investment perspective and avoiding emotional decision-making. She also offers strategies for managing debt and prioritizing savings over impulsive investments. By focusing on emotional health and diversification, listeners can better withstand market fluctuations and seize future opportunities.
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Personal Investment Experience
- Mariel Segarra shares her experience of checking her investment account and seeing significant losses.
- This reflects the current market downturn affecting many Americans with stock market investments.
Avoid Performance Chasing
- Avoid performance chasing, which involves buying rising stocks and selling falling ones.
- This strategy is mathematically ineffective.
Roller Coaster Analogy
- Chris Arnold uses a roller coaster analogy to illustrate the temptation to sell during market downturns.
- David Swenson advises against this, highlighting the importance of staying invested.
