Saturday, October 18, 2008

Panic 2008

By Motley Fool StaffWhat now? The Motley Fool is here to answer your questions about this financial crisis. Send us an email at AsktheFool@fool.com, and check back at Fool.com as we answer your questions and cover the latest on the Panic of 2008.

The bubble, bankruptcies, and bailouts are all in the backseat now. Panic has set in as we watch our savings decline and our target retirement dates go up.

It’s easy to quote phrases like “blood in the streets” and “be greedy when others are fearful” when times are good or even middling, but it’s completely different when your portfolio has halved.

We understand. We’ve all been hit by these events, too. And we’re here to help, Fools. We’ve collected our best advice from our best Foolish minds right here, but before you tuck in, remember these three things.  

  1. Stay calm. This is not the time for rash, emotion-driven decision-making.
  2. Educate yourself before acting.
  3. Make an action plan, even if it’s simply staying the course.

Stay up to date on Motley Fool commentary by starting right here:

For more, check out the following sections below:

What to Do Right Now

No comments:

Post a Comment