Recently I have seen more scary headlines concerning the markets than usual. I sometimes literally yell out loud, “How are people even allowed to publish this stuff- let alone why it is showing up at the top of my news-feed?!”
This is not a victimless crime. I can’t tell you how many people let these kinds of headlines force them into making emotionally charged investment decisions.
Emotion + Investment Decisions = Not a Good Idea
It also causes untold worry and stress on the millions of readers who are depending on stocks and bonds to fund their retirement years.
Here’s a couple of the most egregious offenders.
We’ll start with an article from Marketwatch.com titled:
The exact quote they are basing the story off of is: “The bottom line for us is that we think the selling has just begun and the correction will be the biggest since the one we experienced in February.” (The markets were down a little in February but came right back up.)
Could stocks go down 10% again? Sure. It is a natural part of the markets. But it has no bearing on your long-term financial security. It is about time IN the market, not TIMING the markets.
Let’s move on to the second article (also from Marketwatch.com):
Ok, I better wrap this up before I get too fired up.
Online newspapers sell advertising. The more people that read the article, the more money the newspaper makes. Newspapers will write any headline possible to get your attention. Unfortunately, the media learned long ago that doom and gloom gets a lot more “clicks” than sensible financial news coverage.
Ignore. These. Articles.
Be Blessed,
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