(Quoted directly from Jonathan Clements. Follow Jonathan on Twitter @ClementsMoney and on Facebook. His most recent articles include Bad News, Don’t Lose It and Stand Your Ground.)
https://humbledollar.com/2020/03/grin-and-bear-it/
I highly recommend his website and weekly emails.
- Avoid touching both your face and leveraged exchange-traded index funds.
- Change the password on your investment accounts to “ItsTooLateToSell.”
- Downgrade your opinion of investors based on their degree of hysteria.
- Don’t watch Contagion, Margin Call or the New York Knicks.
- Quarantine your emotions every time the Dow drops 1,000 points.
- After your brother-in-law finishes pontificating, ask whether he inherited his clairvoyance from his mother or his father.
- Avoid contact with insurance agents pitching equity-indexed annuities. Don’t shake hands with brokers on any deal that promises downside protection.
- Unless you live in a ranch-style house, stay away from open windows.
- Wash your hands for 20 seconds after watching CNBC.
- Use the vacation fund to buy stocks. Mention it to your spouse after he’s had a few drinks.
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