It’s official. We are in correction territory. Chinese shares have erased all of the year’s gains. Dow futures dropped more than 600 points last week. And today, it dropped 1,000 points when the market opened. The natural, human response is to panic because your stock is losing value.
But I would implore you, as a smart investor, not to panic. What separates the smart investor from the average investor is your sentiment when a market correction occurs. prThe average investor freaks and starts selling, figuring that their money is lost forever. The smart investor knows that they still own shares in great businesses that are going to continue to reward them. Read More…