3 Important Steps You Can Take During Stock Market Reform | Personal Finance

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 3 Important Steps You Can Take During Stock Market Reform |  Personal Finance

We’re definitely in the midst of a rough patch as far as the stock market is concerned. And so now’s really not the time to check your portfolio daily. Doing so might mess with your mental health and drive you to make rash decisions that result in losses.

Keep your cool

It’s natural to be nervous when stock values fall quickly. But do try to remember that stock market corrections are actually pretty common. In fact, they’ve happened about once every 19 months, on average, dating back to 1928. And while you may not be thrilled with the state of your portfolio right now, just remember that the stock market has a strong history of bouncing back from corrections. If you stay calm and keep your cool, you’ll make this current bout of volatility much easier to get through.

Story Highlights

  • 3. Don’t check your portfolio balance every day

  • If you absolutely must check your portfolio balance, do so once a week. And also, promise yourself that you’re not going to let the number you see inform your actions.