FYI: What should investors do when confronted with market volatility? The conventional wisdom couldn’t be clearer: Ignore it.
“Often the wisest thing to do during periods of extreme market volatility is to stick with the investment plan that you've already devised,” argued Bill McNabb when he was Vanguard's chairman and CEO. Similarly the Schwab Center for Financial Research commentary on volatility states, “Resist the urge to sell based solely on recent market movements...it’s best to ignore the noise and focus on your long-term goal.” If anything, sudden market lurches downward, such as the 2008 crisis and what we have seen in the past several weeks, could present buying rather than selling opportunities, at least for investors with stable finances, long investment horizons – and fortitude.
Regards,
Ted
https://www.advisorperspectives.com/articles/2018/12/17/dont-ride-out-the-storm-why-you-can-and-should-time-volatility
