"For most people, who are say 10 years or more away from needing those funds, the advice is simple: Leave your accounts alone. Markets have proven resilient to recent global disruptions, at times bouncing back within a few years and sometimes within just months."
"You really don't want to shoot yourself in the foot having a rash reaction, or an immediate emotional reaction, to stock prices going down 4 or 5% in a week and a half."
"It's very easy to say 'Buy low and sell high,' but when the moment to buy low shows up, it means something scary is going on."
Oil prices have increased following U.S. and Israeli strikes against Iran, while stock markets have declined due to uncertainty about the war's impact on the economy. The Dow Jones Industrial Average has dropped about 9% since its February high. Financial advisers recommend that those not needing to withdraw funds for a decade or more should leave their investments alone, as markets often recover from disruptions. Current market dips may present buying opportunities, though caution is advised as conditions could worsen.
Read at www.npr.org
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