According to many analysts, a bear market seems increasingly likely as a reality that investors need to face. With inflation at heights not seen in decades, and central bankers raising interest rates rapidly in response, the recent selloffs may be causing a feeling of panic to set in as yet another instance of bad news to add to your worries.
But as any experienced hiker knows, panicking is the worst thing you can do if you meet a bear in the woods, and the same is true responding to a bear market. Although both are unexpected, having a plan on what to do in such eventualities and following it is the best way to ensure you won’t get mauled — physically or financially!
Especially at moments of uncertainty like these, keeping a cool head will pay the greatest dividends.
Here are some articles I found interesting that I think you might enjoy as well. Let me know what you think.
David M. Brenner, ChFC®, CLU®