Just say “no” again!

Earlier this week, I posted an article on the necessity of saying “no” to certain things that are detrimental to your goals. Joe, over at Personal Finance by the Book, has a similar article discussing how saying “no” will impact your life and your finances.

With the up and down ride the stock market has been experiencing a lot of people jump off the ride at the wrong time. More importantly, a lot of people get on the ride at the wrong time. Sound Mind Investing has an interesting post on short term vs. long term approach of investing.

If you are investing for retirement then you need to understand the market goes up and down all the time. However, over the long-term, the market has trended up. The thing to remember is not to make investment decisions based on emotion.

Riding a roller coaster can invoke some really strong emotions…but if you remain calm, it will always (or almost always) smooth out and the end result is good. When the market gets a little crazy, just stay calm and say “no” to the emotional pull to get out of the market. Investing is a long-term proposition that will pay benefits over time. That doesn’t mean you should stick with a stock or fund until it completely crashes. When things start getting a little ‘too exciting’ for you, check with your broker and get some advice; that is what you are paying him/her for.