7. Stick to an investment plan
A stock market dip can be a good buying opportunity for steady investors who want to add to their portfolio.
Review your investment strategy once or twice a year, and don’t let headlines throw you off track as you allocate your funds.
“The goal should be for it to be an ongoing process, not to be stopped or restarted because of the news of the day,” says Rogoszinski of Women+Wealth Solutions.
Having a long-term investment strategy and a diversified portfolio can help you weather market fluctuations without making decisions based on emotions.
8. Don’t be afraid to ask for help
Some investors might not be sure where to start when it comes to things like choosing stocks and making sure a portfolio is balanced. Don’t be afraid to seek guidance from a financial advisor. You can choose a traditional financial advisor, who typically charges a fee of about 1 percent of your assets. You can also go with a robo-advisor, which usually charges lower fees and helps build your portfolio based on algorithms.