After the market crash of 1987, for example, the market went over its previous high within two years. People who bought equities right after the crash enjoyed substantial gains. Stay Invested for the Long Term. This isn't easy to do if you've recently seen your account values take a dip, but one of the most important things you can do is to be patient. If you're investing for goals that are at least several years away, the market's daily moves may be painful, but they shouldn't interfere with your progress toward your long-term goals.
Financial Planning Is Now More Important Than Ever.
Financial planning is a process that helps you understand your financial situation, formulate your future goals and develop strategies to help you reach those goals. Financial professionals suggest that you revisit your plan at least once a year to see how you're doing and identify what adjustments may need to be taken. Now might be a good time to revisit your plan with a financial advisor . Get Professional Advice. You don't have to be alone in managing your investments.