Staying Sane While Wall Street Crashes

Everybody is riding the Wall Street Roller coaster. Even if you are not invested, the headlines scream out one word: PANIC!

It's hard not to join in the panicking. The Panic Crowd seems to be having all the fun these days. But they don't have all the happiness. You see, it's true what your mother told you: money doesn't buy happiness, at least not for most people. But the lack of money does buy pure misery.

Did you ever wonder why so many office towers have fusion-sealed, micron-proof windows to keep office workers safe from any semblance of fresh air? It has to do with the stock market. During The Great Depression, just too many brokers were jumping out of windows. This enraged a nation of vengeful investors, who demanded to kill their brokers personally. So henceforth all windows were sealed.

(The good news is that by the time the windows were sealed, The Great Depression had ended, so there have been very few reported cases of enraged investors killing their brokers. However, there have been several incidents of "office air suffocation syndrome" -- but that's another issue for another column.)

Oh no! Not another Top Ten list!

Here are The Happy Guy's Top Ten Tips for Staying Sane While Wall Street Crashes Around You:

  • Don't panic. Enough people are doing that already; you're needed elsewhere.

  • Don't join the Panic Crowd. They are NOT having more fun, they just act that way to attract new members fold. Misery loves company.

  • Take inventory. Do you have the basic necessities? If so, you are OK. When they come to take away your television remote control, then panic.

  • Smile at your neighbor. A smile lifts everybody's spirits, but most of all your own.

  • Remember the Great Depression. It sucked, but people survived. It's amazing how many non-essentials we take for granted. Rent a movie about the 1930s, sit back, and laugh about how much better our depression is going to be.

  • Learn a new skill. In hard times, it pays to be very, very employable. And you may even be lucky enough to have two jobs. Oh, wait. That's our problem now.

  • Start saving now. Then when the bottom falls out, at least you'll have something to live on for three-and-a-half weeks.

  • Start spending now. It's folks like you, saving all your money instead of spending it, that are killing the economy.

  • Stop listening to people telling you to save or to spend. In fact, stop listening to news about the markets. It's just too depressing.

  • Ignore top ten lists. They are way too gimmicky and seldom give any truly useful information (except for this one, of course!)

    There you have it. The Happy Guy's Top Ten Tips for Staying Sane While Wall Street Crashes Around You. All the advice your mother didn't tell you about financial markets, and more importantly, about keeping happy while others suffer. The bottom line is don't panic, don't invest all your emotions where your money is invested, and focus on what really matters.

    About The Author

    David Leonhardt is The Happy Guy. He is an energetic motivational speaker and author of Climb Your Stairway to Heaven: the 9 habits of maximum happiness. Visit him at

    http://www.TheHappyGuy.com

    [email protected]

    In The News:

    This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

    KSTP

    Bring me the bleach: Investors seek stability as stocks fall
    KSTP
    After their years of eye-popping returns, those stocks had become some of the most popular to own among hedge funds, mutual funds and other investors. But just as they bought the stocks together on the way up, investors are now heading for the exits en ...

    and more »

    Benzinga

    Best Technology Mutual Funds of 2019
    Benzinga
    A mutual fund is a collection of stocks handpicked by industry experts and sold as a type of prepackaged bundle. We've rounded up some of the best technology mutual funds currently available on the market—along with some tips to help you find the next ...

    and more »

    Economic Times

    How your mutual funds played the balancing act during stocks crash
    Economic Times
    This suggests multicap funds are trying to capture opportunities across the market without going overboard on risk. Using the Sebi-defined cutoffs for market capitalisations and a look at allocations to each marketcap category across funds show mutual ...


    USA TODAY

    Can I sell a losing stock, deduct the losses and then buy it back?
    USA TODAY
    Generally, "substantially identical" means buying or selling the exact same stock. However, in the case of mutual funds or ETFs, it can mean buying another fund with virtually identical investments – such as selling one S&P 500 index fund and buying ...


    CNBC

    Goldman Sachs on 2019: Raise cash, get defensive and look out below if more tariffs happen
    CNBC
    Most investors (households, mutual funds, pension funds and foreign entities) are too overweight stocks and need to raise cash, Goldman said. "These entities have equity allocations ranking in the 89th percentile vs. the past 30 years," the report said ...
    As the stock market and economy are set to skid, Goldman says cash will be kingMarketWatch
    GOLDMAN: Cash looks competitive relative to stocks in 2019Yahoo Finance

    all 106 news articles »

    USA TODAY

    As stocks skid, worries mount for 401(k) investors who can't 'stand the pain'
    USA TODAY
    Money starts to move out of stocks: While investors haven't exited the stock market in a stampede, more money has come out of U.S. stock mutual funds and exchange traded funds than has flowed in, Investment Company Institute data show. In the three ...

    and more »

    Morningstar Reports US Mutual Fund and ETF Asset Flows for October 2018
    Markets Insider
    20, 2018 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for October 2018. In October, investors placed $20.4 ...

    and more »

    These people have been buying up stocks faster than anyone since 1989
    MarketWatch
    One of the easiest and smartest ways to get started is with a mutual fund that contains a basket of investments instead of a single stock. If you have a workplace retirement plan, mutual funds are going to be the main item offered on the investment menu.


    Investor's Business Daily

    When Growth Stocks Do This, These Silver Linings Appear
    Investor's Business Daily
    Does this behavior on Wall Street reflect a hunger by fund managers to grab shares at a discount vs. recent highs? Quite possibly. Here's one piece of corroborating evidence to justify this conclusion: At the end of 2016, a total 364 mutual funds and ...


    After Sour October, Fund Managers Gird For More Volatility, Trim Stocks
    Investor's Business Daily
    Ouch! That summarizes the shrinking performance by the stock market and U.S. diversified stock mutual funds in October. The stock market forecast? Fearing volatility ahead, money managers and strategists are flashing yellow warning signs about the ...

    Google News

  • Do You Know What is the Single MOST Critical Mistake in Trading the Stock Market??

    Well maybe that's overstating it a little, but it's certainly... Read More

    The Elephant

    Four blind men were asked to give a description of... Read More

    Downdraft

    For the year 2000 we have seen hundreds of mutual... Read More

    Stock Market Investing: Knowing When (and when not) to Sell

    One of the greatest challenges of investing in stocks is... Read More

    Investing Basics - Stocks, Mutual Funds, Real Estate & Online Investing

    Have you ever thought of investing? Do you have a... Read More

    Rebalance And Diversify

    The stock market has not been very kind to your... Read More

    Is Your Garage Full Of Junk?

    I have a 2-car garage. There are nice shelves on... Read More

    Adding Funds

    Someday you may want to retire and continue to live... Read More

    How To Beat The Mutual Fund Companies At Their Own Game

    You'd have had to be living on a desert island... Read More

    Analyst Reports

    When you become interested in a stock or mutual fund... Read More

    Who Knows?

    The Shadow knows. Remember him? It seems a shadow has... Read More

    Where Is The Beef?

    Where is the beef? Or maybe it should be where... Read More

    Trapeze Artist - Swinging with the Stock Market

    When we go to the circus we see a trapeze... Read More

    Top 25 Growth Funds

    On Monday, November 25, 2000 Investor's Business Daily listed on... Read More

    Bad News is Good News

    For weeks, no, months we have been bombarded with nothing... Read More

    Why Change Funds?

    On November 17 I bought 7 different mutual funds and... Read More

    Hold Em and Fold Em

    When most analysts, financial planners, fund specialists and investors try... Read More

    Trading Stocks ?Never Forget About A Past Trade

    We all know that emotions control every decision that an... Read More

    The Inside Scoop on Mutual Fund Rip Offs

    The bear market that showed up at the end of... Read More

    Stocks & Oil, Sat Jun 18th, 2005

    Both the stock market and oil prices rallied recently, which... Read More

    Your Job

    There are so many kinds of work that needs to... Read More

    Its Better

    Question: How does it get better when it gets worse?Last... Read More

    Understanding the Bulls and the Bears

    If you've ever flipped on the television to CNN Financial... Read More

    Option Spread Trading

    Spread trading is a technique that can be used to... Read More

    What the SEC Really Thinks About Mutual Funds!

    Let's go into the details of why non-indexed mutual funds... Read More