Motley Fool Money Worst Day Since 1987
Mar 13, 2020
David Gardner, co-founder and co-chairman of The Motley Fool, shares his insights on the recent market sell-off and black swan events. He emphasizes the importance of long-term investment strategies during turbulent times. The discussion covers resilient companies like Disney and Pepsi, with a spotlight on American Tower and its significant role in 5G infrastructure. The analysts also share tips on maintaining emotional control while investing and highlight the evolving landscape of entertainment amidst economic uncertainty.
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Time Horizon
- Know your investment time horizon and goals.
- Set aside cash for short-term needs and invest in equities for the long term (5+ years).
Emotional Control
- Don't panic and let emotions control your long-term investment decisions.
- Avoid constantly checking your portfolio; stay calm and make rational choices.
Dollar-Cost Averaging
- Maintain dollar-cost averaging, especially for retirement plans.
- Consider increasing contributions during market downturns to capitalize on lower prices.