In Mark, stock markets suffered their two biggest one-day drops since the ‘Black Monday’ crash in 1987. Two weeks later, the US Dow Jones index saw its biggest one-day gain since the Great Depression in 1933.
This underlines what long-term investors already know; namely, that markets invariably recover from the kind of short-term disruptions caused by the covid-19 outbreak and reward those who can ride out the bumps along the way.
With this in mind, it’s worth remembering out top seven principles for keeping your head when all about you are losing theirs; 1 Get advice; 2 Make an investment plan and stick to it; 3 Invest as soon as possible; 4 Don’t just invest in cash; 5 Diversify your investments; 6 Invest for the long term; 7 Stay Invested.
Remember: Investing with a long-term outlook and with long-term goals is the best way to reduce the impact of stock market fluctuations and to see our periods of volatility.