Market volatility can be stressful, but it’s a normal part of investing. On average, markets decline about 14.2% each year, but 80% of the time, they end positively. The key is to stick with your investment plan. For example, if you had invested $10,000 in 1980 and held on until 2019, you’d have about $650,000. Missing just the 30 best days of the market could reduce that to $125,000. This highlights the importance of staying invested.
Consider using volatility to your advantage, like investing extra cash or exploring Roth conversions. Avoid making hasty decisions based on news or emotions.
If you have a financial advisor, remember that volatility is part of your plan. If not, now could be a good time to get a second opinion.
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