Letter From The CIO - LPL
Some Investors Are Panicking. You Should Not.
Giving advice to not panic during severe market downturns is often customary and can frankly seem a bit boiler-plate. We get that. But it is perhaps the most important piece of advice financial consultants can give — because it is during times of market turmoil when many investors get it wrong. We understand. It’s not easy. Making decisions with money can be an emotional endeavor. Too often investors engage in investment decisions when the emotional weight is the heaviest. History is littered with instances where investors extrapolate the worst at just about the time when a faint light begins to appear at the end of the tunnel. Don’t let this be one of those times, because we in fact see some of that light. We’ll get to that.