Coping with Financial Crisis

Saturday, October 25th, 2008

The serious financial crisis has caused many people to literally “panic”. Panic leads to both poor decision making and negative health consequences. Financial experts recommend most us “stay the course”. That is, if you didn’t sell 1-2 months ago, don’t sell now. While everyone’s circumstance is different, calming oneself down first, reviewing decisions with competent advisers and accepting things that aren’t in our control will help you sleep better and avoid making “bad” choices. In the meantime, take deep breaths throughout the day and don’t be watching the news all day or following the market every 15 minutes unless you are a day trader.

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