Thursday, December 19, 2013

Don't Run!

The Montana wilderness guide says if you encounter a grizzly bear do not run. If you do, the bear will chase you as an instinct. The same is true for bear markets. Sometimes you don't see a correction coming but the worst thing you can do is run. The guide also says not to play dead. You need to get big, make noise, and stare down the bear. When corrections happen in the market, you should consider standing your ground, getting big on confidence, staring down the bad news and waiting! Keep your goals in mind and relook at your time frame and be bold. If you are working with a financial advisor, it helps to go back over the plan and review the process in which you chose your investments in the first place. Don’t Run!

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