Investing is an adolescent's recreation.

I imply, I can perceive the argument for ignoring short-term market dives when it's going to be many years earlier than you want to truly contact the cash. However what about retirees who want earnings at the moment? Ought to retirees and near-retirees be cashing out of shares on fears {that a} worldwide pandemic will throttle markets?

First, it is essential to deal with this query on an emotional stage earlier than trying to reply rationally, as a result of it is not chilly, calculating rationale that leads the cost in instances of excessive market volatility, particularly of the downward selection.

Certainly, as my very good monetary planner buddy Jeff Levine mentioned, "No person ever appears to thoughts volatility when it is up." Moreover, once we are feeling and responding by way of the fast-acting, impulsive processor in our mind, considerate logic is not significantly comforting.

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