When it comes to money, there’s a lot to worry about these days.
Stocks go up and down regularly.
Think back to what stocks did in 2008-09, 2000, 1987 and 1973-74.
This is a cyclical phenomenon, just like expansions and bull markets.
Look at this from a long-term perspective, and you see the same things coming around again and again.
There is no 20-year period not one when the stock market has lost money.
That underscores taking a long-term view.
Carrie Schwab-Pomerantz:People who panic and sell lock in their losses.
People who held on to their stocks have actually performed pretty well, despite these recent big dips.
Thank goodness we sold.
