Maintain Your Calm Amidst Market Volatility2 min read
Keep calm, breathe on
The markets seem to be unpredictable right now and are mostly maintaining a bearish stance. While this might itch you to make adverse and panicky decision changes in your portfolio, you need to hold on to the exact opposite, take a deep breath, calm down and re-think!
Here are our pro-tips for you to maintain your calm during the testing times.
1. Hold on to optimism
Learn that this is not the first time that markets have slumped, they have in the past in ways worse than today and have jumped back to normal and marked all time highs too.
You need to understand and accept that these are temporary corrections and will not last forever. There have been times in the past when markets have plunged down drastically and have bounced back.
2. Seek an expert opinion
If you are a relatively new investor and are caught in this situation for the very first time, seeking help from SEBI registered professionals would help with better clarity and way ahead.
This expert could be an experienced investor friend or a wealth manager/analyst who would lay in front of you an array of options as to what you can do in these tough times.
3. Take a break
Do not keep looking at the screen, analysing your investments and fret over the same. This is only going to build up your anxiety and constantly tracking your investments will not yield any results.
4. Remember that you got a plan in place
When you start investing, it is a part of your long-term plan and goals. While these corrections are temporary, remember that you have a long-term goal to look at and keep manifesting the same.
Do not give up on your plan, hold on to it, your plan was rock solid when you made it and still holds a lot of relevance.
5. Understand and accept that loss in markets is unavoidable
While you enjoy the days of glee by making money while the markets are thriving, you need to understand that there are going to be days wherein loss is inevitable and unavoidable.
Remember that even the most seasoned investors have locked losses during the market slump and bounced back stronger and made profits/gains subsequently.
Disclaimer: This content is purely for informational purpose and in no way an advice or recommendation.
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