The Dow Jones Industrial Average dropped (crashed) 400 plus points yesterday. The largest drop for the last four years. Well, since the last time the Dow has moved so much, I have been certified to be more of a business person. I have my nifty MBA degree from a fancy university. I can talk the talk of an educated investor. My first thought was, my investments!Okay, not really much of an investment. At least not in the stocks and bonds. I have a nice little 401K through work that is set for long term forecast and return. I'm still pretty far from retirement age. So, I don't have any worries about my 401K going down the crapper.But, I checked anyway. And yes, it went down. But no, in the whole scheme of things, yesterday's market problem will not affect my 401K.My educated brain has already told me that. My emotional gut wouldn't listen.
I wonder, how many people my age reacted like me. Checked their 401K, mutual funds, etc. basing on one day's activity. Even though the market activity was shocking and devastating to some. Reallocating is probably unnecessary. It was just a market correction. Well, brain, tell gut!
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