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Tag Archives: retirement account balance

Don’t Fear Stock Market Downturns

market downturns

    There are several reasons not to pay attention to the news. Anyone looking at headlines lately can’t miss seeing headlines like Dow plunges, stock market suffers worst one day drop since 2008, US stocks tumble on global slowdown fears. If hearing that makes you want to stuff money under the mattress, you’re not alone. Fear is a huge motivator when it comes to investing. We work hard for our money, and it’s painful to see balances plummet due to unforeseen events that we don’t even really understand. As hard as it may be, don’t fear stock market downturns. I’m sure our parents and grandparents have many stories of watching the economy and stock market fall and recover. In my adult life, I only have one period of turmoil under my belt, but it was a doozy. Living Through a Stock Market Melt Down At the beginning of 2008, I was a new Mom who owned a business. Most of my free time was spent trying to figure out how to keep all the plates in my life spinning. We were seriously in debt and almost living paycheck to paycheck, even though our income was pretty high. The one bright ...

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