MICHAEL DAVID GREEN
By Michael Green
MICHAEL DAVID GREENFeb 23, 2022
Current insights of 2022
It isn’t investments that get tested in turbulent markets; it’s investors.
In midday trading on Monday, the Dow Jones Industrial Average sank more than 1,100 points and the Nasdaq Composite Index crumbled nearly 5%. They recovered to close slightly up for the day, then sank again early Tuesday before clambering back.
The Nasdaq Composite Index is down roughly 12% so far this year.
These steep drops came after almost two years of a nearly relentless rise in prices—even for many stocks that professional investors regarded as garbage. After such widespread gains, small declines loom larger than they do when losses occur with more-typical frequency.
Above all, what matters isn’t what the market does—but what you do in response.
As I wrote in the previous market downturns...
Individual investors should tune out the futile efforts by commentators and strategists to extrapolate the market’s latest swings into a prediction of what will happen next. Instead, use the recent volatility to make an honest reassessment of what kind of investor you are and how much risk you can stomach….
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I believe, to remain, positive and “Proactive,” during normal and abnormal events, since we all know, worrying does not accomplish one thing. Remaining “Proactive,” with you, about your advisory management, is committed to helping you and the advisory understand your emotions as to your financial concerns.