You either believe in your asset allocation for the long-term, or you don't. I won't tell anyone how they should invest ever, but I do know that I sucked in the past trying to time the markets.
“I sucked in the past trying to time the markets.”
Ditto.
The worst of a long term drop would be over the next few days. Then expect some sort of bounce.
If you are not comfortable losing that much in the market or 401 k-—you are already screwed. You should have sold last week. Same old story.
Depending on your age, continue to dollar cost average.
If you are close to, or into retirement age-—shame on you! This kind of a drop has been obvious for months.
LOL. Sounds like me. My investment advice: Do what I do but do it two weeks before me. ;-)
Unless you are a day trader you would regret doing anything but waiting this one out. I’ve expected a rough year but did nothing about it just like ‘18.
Most market reactions either way are extreme but they do change the immediate values. You either ride it out or get out for good because this is the way it is.
If you are an investor with dividend aristocrats it is just another day, your income stream will continue. Dividend aristocrats will sell their children and borrow money before they will cut dividends over something like this. They have seen it all before.
I expect it will take the rest of this year and into next spring about this time for this pig to pass through the snake. Meanwhile, hold your cards and wait. The days of 8% are gone for now. 6% annualized on average looks to be about the best a long term investor can hope for.