BUZ LIVINGSTON: What to do when the market slides: Don’t panic!

Published: Thursday, June 27, 2013 at 05:12 PM.

After the worst market decline in more than 80 years, his portfolio grew.  Sometimes nothing is a pretty cool hand.

A 2 percent, one-day decline or advance certainly warrants attention. A sharp decline likely bothered you more than a similar spurt upwards. Relax — it’s human nature. If retirement is 10-plus years away, what do you care? With a closer retirement date or during retirement, consider adjusting your portfolio, especially if your stock allocation has grown. Capital gains spend just like dividend or interest income and can have more generous long-term capital gain tax rates. 

Should you sell, maybe, but never panic sell. 

Buz Livingston, CFP, has the only investment management firm in the entire world headquartered in Blue Mountain Beach. He helps clients along Florida’s Emerald Coast and around the country with financial decisions. Contact him at 850-267-1068 or www.livingstonfinancial.net. For timely financial tweets follow @BuzLivingston.




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