Here’s how to survive market volatility without panicking.
Transcript:
DAVE RAMSEY: You know, investing in the consumer realm for your 401(k) and for long term Wealth building, the very word means have a long term time horizon, meaning the stock market. You and I know this because we watch it all the time. The stock market in a given week is a toddler throwing a temper fit? The stock market over a decade is a wise old woman. And so she’s wonderful. A long term, but you don’t want to mess with her short term, so just Zoom back. Chill look at the long term. Nobody gets hurt on a roller coaster except those that jump off in the middle of the ride.I don’t know if it’s a generational buying opportunity, but it’s definitely a buying opportunity. Anytime the blue light is on and the sale, the sale sign starts flashing, I get kind of excited. And so when you have a long term view, like we were just talking about and you see a dip in the market, there’s no other way to define that than it’s on sale. It’s a buying opportunity.
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