How to Control Your Emotions During Market Turmoil

(3/7/22) Why be invested now, with all the turmoil in the world? Controlling your emotions will help you avoid making mistakes with long-term disadvantages. While markets have started 2022 with a 10% decline (normal in any year), investor anchoring can skew your view: when compared to the all-time highs of October 2021, today's markets are only off by about 3%. The reality is that markets really haven't gone anywhere since last October. The importance of perspective is illustrated even more by looking back a couple of years: In February , 2020 markets were hitting all-time highs, followed by the pandemic-driven shut down. Markets then had a 120% run upwards with little volatility. The 10% correction "blip" is exactly that in the context of a longer-term view over the past two years. That's why perspective is important in keeping investors' emotions in check.
Presented by RIA Advisors Chief Investment Strategist, Lance Roberts
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