It's a Sell Off! What to do now...
Deviating from our normal topic of real estate investing, I wanted to write to readers to talk about what’s happening right now with the equity markets and what the correct way is to approach the situation.
MarketWatch had a great article today titles, “During a Market Sell-Off How Would You Invest $100,000?” that asked several money managers what they would do. Answers included buying the dip, reevaluating and adjusting parts of your portfolio that are exposed to the most risk, and the always popular ‘proceed like nothing has happened’.
The important thing to remember is that volatility creates opportunity. Don’t get emotional. If you’re up for it - buy the dip. The market will recover and so will your portfolios.
Remember one of my favorite Benjamin Graham quotes:
“Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.”
Stay calm and Happy Investing!
John
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