Being smart with $$ -- Take a Xanax and sit tight when markets go insane

Markets in disarray.  What to do?  Remember that every decision starts now.  You cannot go back and sell stocks Thursday and avoid a 5% loss.  Research shows many investors sell after a fall and buy after a big rise, often with the worst timing possible. Even experts don't know what's next.  Many smart senior Wall Street traders will disagree with each other.  So leave emotion out of it and maintain the risk profile and stock exposure that is appropriate for your circumstances.  And maybe take a Xanax to get through the next few trading days.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com