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Investing, as in gardening, is a slow and steady process. Get started, set a plan, keep a long-term perspective and stick to your plan. Patience and perseverance will help you build a gorgeous garden and a more secure financial future.
The necessity to practice social distancing allows us to do things we previously didn’t have time for.
The current drop in the market is different than many previous market declines because it is driven by one event, the coronavirus. Although this creates tremendous uncertainty, this crisis will pass, and life will return to normal once the virus is under control.
Practicing gratitude also gives you more resilience when things go wrong. When you feel grateful it’s easier to keep things in perspective, so problems don’t seem so overwhelming.
Understanding the nature of the stock market, what you are invested in and how performance may vary can help calm anxiety during a decrease in the market.
It’s crucial to understand how well prepared you are for retirement. There are hundreds of retirement planning software packages available claiming answer this question for you.