Make sure you have a comprehensive financial plan in place so you know exactly what to do during good times — and bad times like we're experiencing now
. After all, the S&P 500 closed nearly 30% down from market highs on March 17, and the situation could be volatile for a while.
"Long-term, the markets will hit new highs again," he says. "Invest for the long-term, and if you have cash set aside that is not working for you, now is the time to start putting it into the markets." in Waukesha, Wisconsin, says that a lot of people panic and act emotionally when the stock market tanks, which might lead them to make suboptimal decisions.
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