Patience, Not Panic, for Long-Term Financial Security

5. Ignore Media Hype

The media is replete with pundits that stoke emotions. Although they appear confident and omniscient, their guesses are as good as yours. The track records of many Wall Street analysts show that it is best not to follow their advice too closely. A calm head is essential during uncertain times, so avoid looking at headlines that make you feel fearful. Many people instinctively want to reduce the risk of loss when faced with declining assets. It is important to remember that upswings and downturns are a natural part of the economic cycle. Investing experts advise against making rash decisions and encourage people to leave their portfolios alone.