Recent market turbulence has caused anxiety among investors, particularly those whose portfolios have decreased significantly in value. An example from a Reddit post illustrates an individual losing $1 million while carrying substantial mortgage debt. The article reassures younger investors that unless they are nearing retirement, itâs advisable to remain patient and avoid selling at a loss. The inherent volatility in investments is a normal part of investing, and time offers recovery opportunities for those with years until retirement.
If you're years away from retirement, your best bet may be to sit back and wait for the storm to pass.
Unless you're truly on the verge of retirement, a market downturn isn't necessarily something to worry about.
In the course of your investing career, the value of your portfolio is likely to fluctuate - for better or worse.
If you sell investments at a loss out of panic, you could set yourself back in the long term.
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