When Stocks Drop, The Biggest Enemy Is In The Mirror

Jean Melek feels queasy.

The 50-year old school teacher’s investments have dropped almost 8 percent over the past 30 days. Plenty of forecasters say stocks will fall further.

“We’ve been getting frequent newsletter emails from Charles Schwab,” she says. “They’re telling us not to panic. But for us, those emails are having the opposite effect.”

Image by Pixabay

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andrew hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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