When we experienced the Covid market crash in early 2020, many young investors were experiencing their first-ever significant market decline. We’ve been there before, and had some tips to share with The New York Times on getting through the market decline. Here’s what Brian had to say about letting the negative headlines dominate your life:
You can reach a certain point where staying up-to-date on the latest news and information is doing more harm than it is good. You’ve got to separate the actionable information from unactionable information; news about school closings or advice from health officials is good, actionable information. News about market drops or volatility can be valuable information, but not necessarily actionable. Much of the news about the market and coronavirus is great for staying informed and up-to-date, but may not be great for your sanity and financial health.
Read the full article at The New York Times: Suffering Through Your First Financial Crisis? Read This to Relax