{"id":96,"date":"2019-12-27T18:04:28","date_gmt":"2019-12-27T18:04:28","guid":{"rendered":"https:\/\/demo.wealthface.ca\/blog\/?p=96"},"modified":"2022-02-04T12:50:34","modified_gmt":"2022-02-04T12:50:34","slug":"top-tips-for-staying-smart","status":"publish","type":"post","link":"https:\/\/wealthface.com\/blog\/top-tips-for-staying-smart\/","title":{"rendered":"Top Tips for Staying Smart When The Market Dips"},"content":{"rendered":"\n<p>The best \ninvestors out there all have this in common: when the market takes a \ndownturn, they make sure everything\u2019s in place for when it comes back up\n again\u2026 because they know that onwards and upwards is the only road to \nfollow.<\/p>\n\n\n\n<p>If you\u2019ve been following the world of finance for the past  few years, you\u2019ll be more than aware of the increase in prevalence of  phrases like \u2018<strong>bull market<\/strong>\u2019 and \u2018<strong>bear market<\/strong>\u2019. This can be as complicated  as you wish it to be, but it all essentially boils down to bulls being  periods of growth and prosperity, and bears bringing our periods of  extended loss (during which the market falls around 20% or more). Right  now, we\u2019re in the season of the bull, and this particular bull has been  raging happily for nine years so far. Sounds good? There\u2019s a hitch (as  there always is), and that hitch comes in the form of historical  precedent. This time, that precedent is that bull markets are <em>always<\/em>  followed by bear markets. Nobody knows when the bear will emerge from  his cave this time\u2026 but everybody agrees that it\u2019s a matter of <em>if<\/em> rather than a matter of <em>when.<\/em><\/p>\n\n\n\n<p>So,\n the downturn is coming \u2013 what should you do? Start stocking up on \nRussian diamonds and investing in Bordeaux wines? Sell all your property\n and learn to carve wooden spoons in Bulgaria? The short answer is, of \ncourse, no. Not least because history has clearly shown us one other \nthing, too, and that\u2019s that panic leads to missing out on some seriously\n great opportunities for growth. Check out our top tips for success when\n the wobbles get wobblier\u2026 and learn how to make the most out of the bad\n times to set you up for the good ones.<\/p>\n\n\n\n<h2 id=\"h-don-t-panic\">DON\u2019T PANIC!\n<\/h2>\n\n\n\n<p>Yes, we \nknow: panic is a natural human response to moments of uncertainty or \npotential danger. If the bear market was a real bear, and suddenly \ninvaded your celebrations of long-term economic success, the chances of \ndrinks flying through the air, chairs and tables being stacked against \ndoors, and riotous screaming would be very high indeed. However, \npanicking is just about the worst thing you can do when it comes to \ndownturns in the market\u2026 as the stats show more than clearly.<\/p>\n\n\n\n<p>When  we were making <a rel=\"noreferrer noopener\" aria-label=\"WealthFace (opens in a new tab)\" href=\"https:\/\/wealthface.com\" target=\"_blank\">WealthFace<\/a>, we were careful to look very closely at  the realities of the <strong>financial crash back in 2008<\/strong>. There\u2019s no doubt that  this was a tough time for everybody involved\u2026 but there\u2019s no denying  that the market most definitely did get back on its feet again, and the  only real losers were those who panicked, sold off everything, and acted  as though it was the end of the world. What should you do if this  situation arises again? In a word, do nothing. While panic breaks out  around you, feel safe in the fact that it\u2019s almost absolutely certain  your investments will see you through the storm stronger, and in a  better situation than ever before.<\/p>\n\n\n\n<h2 id=\"h-keep-timelines-in-mind\">Keep Timelines in Mind<\/h2>\n\n\n\n<p>If your  financial goals are long-term (<strong>saving for retirement<\/strong>, <strong>looking to start a  college fund<\/strong>, or building wealth for once you\u2019re settled in the  future), then what are you doing worrying about the here and now? The  market may fluctuate and rise and fall, but it\u2019s important to remember  that the overall curve is emphatically an upwards one. Keep your eyes on  the long term, and don\u2019t allow yourself to get distracted!<\/p>\n\n\n\n<h2 id=\"h-bears-come-and-go-bulls-stick-around\">Bears Come and Go. Bulls Stick Around.<\/h2>\n\n\n\n<p>Historically,\n bear markets are shorter \u2013 generally much shorter \u2013 than bull markets. \nThe average length of a bear market is about a year and a half, and when\n you consider that it takes just three years for a portfolio to not only\n weather a bear market but fully recover its value, those bears start to\n not feel so scary after all\u2026<\/p>\n\n\n\n<h2 id=\"h-trying-to-time-the-market-you-re-chasing-unicorns-when-you-could-be-building-real-wealth\">Trying to Time the Market? You\u2019re Chasing Unicorns When You Could Be Building Real Wealth\n<\/h2>\n\n\n\n<p>We know  you\u2019re <strong>smart investors<\/strong> (why else would you be on the WealthFace blog?).  But \u2013 and we mean this kindly \u2013 you\u2019re not smart enough to try and time  the market. How do we know this? Because nobody is that smart\u2026 to the  extent that it\u2019s fair to say it simply cannot be done. The majority of  research actually shows that those who attempt to make money by timing  market fluctuations actually end up worse off in the long run, and  WealthFace\u2019s steady, solid strategies are far more likely to bring the  results you want.<\/p>\n\n\n\n<h2 id=\"h-remove-emotion-from-investing\">Remove Emotion From Investing<\/h2>\n\n\n\n<p>When it \ncomes to weathering market fluctuations, there\u2019s no room for emotional \nresponses. Automatic deposits are the best way to completely remove \nhuman emotional reactions from investing, and that\u2019s why robo-investors \nare such big news at the moment. Steady, reliable, logical and \ntrustworthy, we\u2019ve got every faith in our algorithm to bring you the \nbest the markets have to offer in the long term.<\/p>\n\n\n\n<h2 id=\"h-survive-the-bear-by-doing-nothing\">Survive the Bear By Doing Nothing<\/h2>\n\n\n\n<p>WealthFace\n are really good at many things, but one particular thing our systems \nexcel at is rebalancing portfolios. After a market downturn, it\u2019s normal\n for your portfolio to be temporarily off-centre\u2026 which is where our \nautomatic rebalancing system steps in to make sure everything remains on\n the route to success. We\u2019ll rebalance your portfolio at regular \nintervals, making sure it doesn\u2019t lean too far one way or another. That \nway, you\u2019ll never be too exposed to one particular market sector, and \nyou can maximise your returns the WealthFace way.<\/p>\n\n\n\n<p>Now sit back, \nrelax, and know that your investments are in the best possible hands. \nBears? Let them come and go. We\u2019ve got our eyes on the prize no matter \nwhat, and your best interests in mind through thick and thin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The best investors out there all have this in common: when the market takes a downturn, they make sure everything\u2019s in place for when it comes back up again\u2026 because they know that onwards and upwards is the only road to follow. If you\u2019ve been following the world of finance for the past few years, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":269,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.9 (Yoast SEO v19.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top Tips for Staying Smart When The Market Dips - Wealthface<\/title>\n<meta name=\"description\" content=\"Top Tips for Staying Smart When The Market Dips - Wealthface\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wealthface.com\/blog\/top-tips-for-staying-smart\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Tips for Staying Smart When The Market Dips\" \/>\n<meta property=\"og:description\" content=\"Top Tips for Staying Smart When The Market Dips - 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