Stay up to date with the latest personal finance developments, financial planning advice, investment news and retirement planning tips from our team of certified financial planners and experienced wealth advisors here in New York City.
What’s the number one mistake investors make when markets decline?
Panic selling.
It’s an emotional reaction to the sting of a correction.
And it usually trades one problem for another—it replaces fear with seller’s remorse.
You can avoid all of that if you know the facts about market corrections.
Read MoreDavid Edwards of Heron Wealth spoke for 25 minutes on:
Progression of the Coronavirus Pandemic
Friday's Labor Department Employment Report
The continued baffling rise in the major stock market indexes
A long time client writes, “No capital gifts this year. Seeing a Dow that is falling like a stone, day after day, does not inspire me. It is acting like 2008 and the economy could not be more polar opposite from 2008.”
Exactly! Yet, US and international stock market performance is the worst since 11 years ago during the 2008-9 financial crisis.
Read MoreQuestion: I am a stay at home mom. Me and my husband have six children. My husband has a great job. However, I would like to generate some income without having to work outside the home. I have been learning about trading, I want to invest in the stock market. What is the best place to start?
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