Markets Got you Spooked?
Not me, I could not care less what the markets do. Why am I not concerned about the equity markets?
Because I have already set my equity allocation at a percentage that I am comfortable with. That is, my equity allocation is such that a market down draft would not bother me. In fact, I would not mind seeing the market drop some so I can pick up some equities at cheaper prices.
If you are feeling a little uneasy or even fearful about the current market conditions, you most likely need to revisit your chosen equity allocation. For those of you who are not regular readers of this blog (or even if you are), please take the time to read my blog posts in sequential order from Post #11 through Post #16 written in March 2011 to get a primer on how to select your equity allocation and how to manage your portfolio in a volatile market.
I would do it now because, I believe, the recent market turmoil is only going to continue.
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